Assenagon Asset Management S.A. Acquires 174,654 Shares of CNH Industrial N.V. $CNH

Key Points

• Assenagon Asset Management S.A. increased its stake in CNH Industrial N.V. by 65.8% in the 2nd quarter, acquiring an additional 174,654 shares for a total holding of 440,007 shares valued at approximately $5.7 million.
• CNH Industrial's stock saw a decline of 0.8% and is currently trading at $10.88, with a market capitalization of $13.60 billion, despite reporting earnings that exceeded consensus estimates for the recent quarter.
• Significant increases in stock holdings were also noted from other institutional investors, with Vanguard Group's stake rising by 186.0%, demonstrating heightened interest in CNH Industrial among major stakeholders.

Assenagon Asset Management S.A. raised its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 65.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 440,007 shares of the company's stock after buying an additional 174,654 shares during the quarter. Assenagon Asset Management S.A.'s holdings in CNH Industrial were worth $5,702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNH. Vanguard Group Inc. increased its holdings in CNH Industrial by 186.0% in the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock valued at $1,113,847,000 after buying an additional 58,991,632 shares during the period. Alliancebernstein L.P. increased its holdings in CNH Industrial by 125.8% in the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock valued at $223,750,000 after buying an additional 10,149,760 shares during the period. Nuveen LLC bought a new stake in CNH Industrial in the 1st quarter valued at $29,143,000. Invesco Ltd. increased its holdings in CNH Industrial by 89.1% in the 1st quarter. Invesco Ltd. now owns 4,907,506 shares of the company's stock valued at $60,264,000 after buying an additional 2,311,887 shares during the period. Finally, Rheos Capital Works Inc. bought a new stake in CNH Industrial in the 1st quarter valued at $24,928,000. Institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Down 0.8%

Shares of NYSE CNH opened at $10.88 on Thursday. The firm's 50-day simple moving average is $12.02 and its 200 day simple moving average is $12.36. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 16.73 and a beta of 1.51. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. CNH Industrial N.V. has a 12-month low of $10.00 and a 12-month high of $14.27.

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

Insider Transactions at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total transaction of $153,755.63. Following the transaction, the insider owned 14,940 shares in the company, valued at $187,198.20. This represents a 45.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Oppenheimer reduced their target price on shares of CNH Industrial from $16.00 to $13.00 and set an "outperform" rating on the stock in a research note on Thursday, September 18th. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and reduced their target price for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. Citigroup boosted their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. reduced 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 note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.95.

CNH Industrial 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.

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