Korea Investment CORP Boosts Stake in CNH Industrial N.V. $CNH

Key Points

• Korea Investment CORP significantly increased its stake in CNH Industrial N.V. by 226.9%, acquiring over 785,000 shares in the first quarter, bringing its total ownership to approximately 1.13 million shares.
• The company's stock recently opened at $11.9850 and has seen a decline of 1.6%, with a market cap of $14.99 billion.
• Analysts have varying ratings on the stock, with UBS Group raising its price target to $16.00, while Goldman Sachs lowered its target to $11.50.

Korea Investment CORP boosted its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 226.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,132,405 shares of the company's stock after buying an additional 785,953 shares during the quarter. Korea Investment CORP owned approximately 0.09% of CNH Industrial worth $13,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNH. Mission Wealth Management LP raised its holdings in shares of CNH Industrial by 3.0% in the 1st 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. raised its holdings in shares of CNH Industrial by 3.6% in the 1st 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 raised its holdings in shares of CNH Industrial by 29.3% in the 1st 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. raised its holdings in shares of CNH Industrial by 15.3% in the 1st 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 raised its stake in shares of CNH Industrial by 10.9% during the 1st quarter. Balefire LLC now owns 22,134 shares of the company's stock worth $272,000 after acquiring an additional 2,182 shares in the last quarter. Institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Performance

NYSE CNH traded up $0.4050 during mid-day trading on Friday, reaching $12.3750. 8,625,620 shares of the stock were exchanged, compared to its average volume of 12,239,438. The business's 50 day moving average is $12.88 and its 200-day moving average is $12.57. CNH Industrial N.V. has a 1 year low of $9.92 and a 1 year high of $14.27. The company has a market capitalization of $15.48 billion, a P/E ratio of 19.04 and a beta of 1.54. 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, topping analysts' consensus estimates of $0.16 by $0.01. The firm 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, equities research analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group boosted their price objective on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Citigroup upped their price target 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. Evercore ISI upped their price objective 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. Wall Street Zen initiated coverage on shares of CNH Industrial in a report on Wednesday, April 30th. They issued a "sell" rating on the stock. Finally, The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $12.50 to $11.50 in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, CNH Industrial currently has an average rating of "Moderate Buy" and an average target price of $15.21.

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.