Bayforest Capital Ltd Acquires 37,258 Shares of CNH Industrial N.V. $CNH

Key Points

• Bayforest Capital Ltd increased its stake in CNH Industrial N.V. by 109.4%, acquiring an additional 37,258 shares, bringing its total holdings to 71,323 shares valued at approximately $924,000.
• In its recent earnings report, CNH Industrial surpassed analyst expectations with earnings of $0.17 per share, despite a year-over-year revenue decline of 14.2% to $4.71 billion.
• Institutional investors currently own 59.88% of CNH Industrial's stock, as several hedge funds have made significant modifications to their positions in the company.

Bayforest Capital Ltd grew its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 109.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 71,323 shares of the company's stock after acquiring an additional 37,258 shares during the quarter. Bayforest Capital Ltd's holdings in CNH Industrial were worth $924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of CNH Industrial during the 1st quarter valued at approximately $1,570,000. SG Americas Securities LLC lifted its position in CNH Industrial by 450.0% in the first quarter. SG Americas Securities LLC now owns 60,202 shares of the company's stock worth $739,000 after buying an additional 49,256 shares during the last quarter. Fifth Third Bancorp lifted its position in CNH Industrial by 29.3% in the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock worth $77,000 after buying an additional 1,416 shares during the last quarter. Polianta Ltd bought a new stake in CNH Industrial in the second quarter worth $1,310,000. Finally, Callan Family Office LLC lifted its position in CNH Industrial by 324.7% in the second quarter. Callan Family Office LLC now owns 88,528 shares of the company's stock worth $1,147,000 after buying an additional 67,684 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Price Performance

Shares of CNH stock opened at $10.10 on Tuesday. CNH Industrial N.V. has a fifty-two week low of $10.00 and a fifty-two week high of $14.27. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 15.53 and a beta of 1.51. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The stock's 50-day simple moving average is $11.45 and its 200-day simple moving average is $12.16.

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 for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The company's revenue was down 14.2% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, equities analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total transaction of $153,755.63. Following the sale, the insider owned 14,940 shares in the company, valued at approximately $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CNH. JPMorgan Chase & Co. lowered their price target on CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of CNH Industrial in a research note on Wednesday, October 8th. The Goldman Sachs Group lowered CNH Industrial from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Oppenheimer reduced their target price on CNH Industrial from $16.00 to $13.00 and set an "outperform" rating on the stock in a research note on Thursday, September 18th. Finally, Truist Financial reduced their target price on CNH Industrial from $17.00 to $14.00 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, CNH Industrial has a consensus rating of "Moderate Buy" and a consensus price target of $14.77.

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.

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