Callan Family Office LLC Purchases 67,684 Shares of CNH Industrial N.V. $CNH

Key Points

• Callan Family Office LLC increased its stake in CNH Industrial N.V. by 324.7%, acquiring an additional 67,684 shares to total 88,528 shares valued at approximately $1.15 million.
• Several other hedge funds have also made significant changes to their holdings in CNH Industrial, indicating a strong interest among institutional investors.
• CNH Industrial reported earnings of $0.17 per share for the last quarter, exceeding consensus estimates, despite a 14.2% decline in year-over-year revenue.

Callan Family Office LLC grew its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 324.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,528 shares of the company's stock after acquiring an additional 67,684 shares during the quarter. Callan Family Office LLC's holdings in CNH Industrial were worth $1,147,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in shares of CNH Industrial during the 1st quarter valued at $1,570,000. SG Americas Securities LLC increased its holdings in CNH Industrial by 450.0% in the 1st quarter. SG Americas Securities LLC now owns 60,202 shares of the company's stock worth $739,000 after purchasing an additional 49,256 shares in the last quarter. Fifth Third Bancorp increased its stake 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 buying an additional 1,416 shares during the period. Polianta Ltd acquired a new stake in shares of CNH Industrial in the second quarter valued at about $1,310,000. Finally, GAMMA Investing LLC increased its stake in shares of CNH Industrial by 169.2% in the first quarter. GAMMA Investing LLC now owns 7,225 shares of the company's stock valued at $89,000 after buying an additional 4,541 shares during the period. Institutional investors own 59.88% of the company's stock.

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the sale, the insider owned 14,940 shares in the company, valued at approximately $187,198.20. This trade represents a 45.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.23% of the company's stock.

CNH Industrial Price Performance

CNH opened at $10.10 on Monday. The stock has a market capitalization of $12.63 billion, a P/E ratio of 15.53 and a beta of 1.51. CNH Industrial N.V. has a 12-month low of $10.00 and a 12-month high of $14.27. The stock has a 50-day moving average price of $11.50 and a 200-day moving average price of $12.18. 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 (NYSE:CNH - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $4.71 billion during the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.CNH Industrial's quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Equities analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CNH. Truist Financial decreased their target price on CNH Industrial from $17.00 to $14.00 and set a "buy" rating for the company in a research note on Wednesday. Oppenheimer dropped their target price on CNH Industrial from $16.00 to $13.00 and set an "outperform" rating on the stock in a report on Thursday, September 18th. The Goldman Sachs Group lowered CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. JPMorgan Chase & Co. decreased their target price 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of CNH Industrial in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, CNH Industrial currently has an average rating of "Moderate Buy" and an average 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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