Ariel Investments LLC Cuts Stake in CNH Industrial N.V. $CNH

Key Points

• Ariel Investments LLC reduced its holdings in CNH Industrial N.V. by 3.1%, owning approximately 0.18% of the company after selling 70,404 shares in the first quarter.
• Despite reporting earnings per share of $0.17, beating estimates, CNH Industrial experienced a 14.2% decline in quarterly revenue year-over-year.
• Analysts have varying ratings on CNH Industrial, with price targets ranging from $11.50 to $16.00, indicating a mixed outlook from investment firms.

Ariel Investments LLC trimmed its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,187,205 shares of the company's stock after selling 70,404 shares during the period. Ariel Investments LLC owned approximately 0.18% of CNH Industrial worth $26,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in CNH Industrial by 186.0% in the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock valued at $1,113,847,000 after acquiring an additional 58,991,632 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CNH Industrial by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company's stock valued at $257,719,000 after acquiring an additional 395,005 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of CNH Industrial by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company's stock worth $181,481,000 after buying an additional 471,610 shares during the period. Millennium Management LLC acquired a new stake in shares of CNH Industrial during the fourth quarter worth $136,517,000. Finally, DME Capital Management LP acquired a new stake in shares of CNH Industrial during the fourth quarter worth $115,959,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Performance

NYSE CNH traded up $0.08 on Friday, reaching $11.44. 12,829,628 shares of the company's stock traded hands, compared to its average volume of 10,013,170. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 17.60 and a beta of 1.51. The stock has a 50 day moving average price of $12.64 and a 200-day moving average price of $12.52. CNH Industrial N.V. has a fifty-two week low of $9.92 and a fifty-two week high of $14.27. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company had revenue of $4.71 billion during the quarter, compared to analysts' expectations of $4.47 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. The firm'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. Equities research analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Oppenheimer lifted their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. lowered their price objective on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, September 2nd. Citigroup lifted their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Evercore ISI lifted their price objective on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.