CNH Industrial N.V. $CNH Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in CNH Industrial N.V. by 78.5% during the first quarter, now holding $3.93 million worth of shares.
• Several institutional investors increased their holdings in CNH Industrial, with Brandywine Global Investment Management LLC boosting its position by 328.9% during the same period.
• Wall Street analysts have mixed views on CNH Industrial, with one downgrade from Goldman Sachs and increases in price targets from other firms, resulting in a consensus rating of "Moderate Buy."

American Century Companies Inc. lowered its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 78.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 319,655 shares of the company's stock after selling 1,169,661 shares during the period. American Century Companies Inc.'s holdings in CNH Industrial were worth $3,925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNH. Bank Pictet & Cie Europe AG purchased a new position in shares of CNH Industrial in the 4th quarter worth approximately $1,937,000. Marshall Wace LLP purchased a new position in shares of CNH Industrial in the 4th quarter worth approximately $363,000. Stifel Financial Corp purchased a new position in shares of CNH Industrial in the 4th quarter worth approximately $2,055,000. Hsbc Holdings PLC purchased a new stake in CNH Industrial during the 4th quarter worth approximately $1,455,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in CNH Industrial during the 4th quarter worth approximately $5,802,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Performance

Shares of CNH stock traded up $0.15 during trading hours on Thursday, hitting $11.37. The company's stock had a trading volume of 11,957,974 shares, compared to its average volume of 9,795,382. The company has a 50 day moving average of $12.67 and a 200 day moving average of $12.53. The stock has a market cap of $14.22 billion, a PE ratio of 17.48 and a beta of 1.51. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. CNH Industrial N.V. has a 12-month low of $9.92 and a 12-month high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business's revenue for the quarter was down 14.2% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, sell-side analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

CNH has been the topic of several research analyst reports. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. UBS Group boosted their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Evercore ISI boosted their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Oppenheimer boosted their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $15.13.

CNH Industrial Company Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.