CNH Industrial N.V. $CNH Shares Acquired by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. significantly increased its stake in CNH Industrial N.V. by 125.8% in Q1, acquiring over 10 million additional shares, now owning approximately 1.46% of the company.
• CNH Industrial reported a net margin of 4.55% in its recent quarterly earnings, with a revenue of $4.71 billion, although down 14.2% year-over-year.
• Equities analysts have varied ratings on CNH Industrial, with a consensus target price of $15.13 and multiple upgrades and downgrades noted in recent research reports.

Alliancebernstein L.P. lifted its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 125.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,220,662 shares of the company's stock after acquiring an additional 10,149,760 shares during the quarter. Alliancebernstein L.P. owned approximately 1.46% of CNH Industrial worth $223,750,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Colonial Trust Co SC purchased a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $25,000. Global X Japan Co. Ltd. purchased a new stake in shares of CNH Industrial in the 1st quarter valued at approximately $29,000. Twin Tree Management LP lifted its position in shares of CNH Industrial by 1,068.0% in the 1st quarter. Twin Tree Management LP now owns 2,362 shares of the company's stock valued at $29,000 after acquiring an additional 2,606 shares in the last quarter. Brooklyn Investment Group lifted its position in CNH Industrial by 218.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock worth $42,000 after buying an additional 2,325 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in CNH Industrial by 697.1% in the 1st quarter. Harbour Investments Inc. now owns 4,376 shares of the company's stock worth $54,000 after buying an additional 3,827 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH Industrial Price Performance

NYSE:CNH opened at $11.22 on Thursday. CNH Industrial N.V. has a 52 week low of $9.92 and a 52 week high of $14.27. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 17.25 and a beta of 1.51. The company has a 50-day moving average of $12.70 and a 200-day moving average of $12.53. 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 announced its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the firm posted $0.38 EPS. The firm's quarterly 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 research analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Evercore ISI increased their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. cut their target price on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and cut their target price for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. Oppenheimer increased their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, UBS Group increased their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, CNH Industrial presently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

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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