Brandywine Global Investment Management LLC Purchases 1,214,802 Shares of CNH Industrial N.V. $CNH

Key Points

• Brandywine Global Investment Management LLC increased its stake in CNH Industrial N.V. by 328.9% in Q1, owning approximately 1.58 million shares worth $19.45 million.
• CNH Industrial recently reported quarterly earnings of $0.17 EPS, exceeding analysts' expectations, but revenue fell 14.2% year-over-year to $4.71 billion.
• Analysts have set new price targets for CNH Industrial, with estimates ranging from $11.50 to $16.00, while the consensus rating is a "Moderate Buy."

Brandywine Global Investment Management LLC raised its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 328.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,584,169 shares of the company's stock after buying an additional 1,214,802 shares during the period. Brandywine Global Investment Management LLC owned about 0.13% of CNH Industrial worth $19,454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CNH. Mission Wealth Management LP increased its holdings in shares of CNH Industrial by 3.0% in the first quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock valued at $452,000 after purchasing an additional 1,056 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of CNH Industrial by 3.6% in the first quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company's stock valued at $457,000 after purchasing an additional 1,280 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of CNH Industrial by 29.3% in the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock valued at $77,000 after purchasing an additional 1,416 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of CNH Industrial by 15.3% in the first quarter. Brown Advisory Inc. now owns 15,501 shares of the company's stock valued at $190,000 after purchasing an additional 2,061 shares in the last quarter. Finally, Balefire LLC increased its holdings in shares of CNH Industrial by 10.9% in the first quarter. Balefire LLC now owns 22,134 shares of the company's stock valued at $272,000 after purchasing an additional 2,182 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company's stock.

Wall Street Analyst Weigh In

CNH has been the subject of a number of research reports. Evercore ISI raised their price target on shares of CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Citigroup raised their price objective 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. Oppenheimer raised their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Wall Street Zen started coverage on shares of CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating on the stock. Finally, UBS Group raised their price objective on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.21.

CNH Industrial Trading Down 0.4%

CNH stock traded down $0.0450 during midday trading on Wednesday, reaching $12.1850. The company's stock had a trading volume of 5,285,523 shares, compared to its average volume of 17,960,432. The business's 50-day simple moving average is $12.91 and its 200-day simple moving average is $12.59. The stock has a market cap of $15.24 billion, a PE ratio of 18.78 and a beta of 1.54. CNH Industrial N.V. has a 52 week low of $9.86 and a 52 week high of $14.27. 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 (NYSE:CNH - Get Free Report) last announced 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. The company had revenue of $4.71 billion for the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business's quarterly revenue was down 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, sell-side analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current year.

About CNH Industrial

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.