CNH Industrial N.V. $CNH Shares Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its stake in CNH Industrial N.V. by 3,147.4%, acquiring an additional 33,016 shares in the first quarter, bringing its total holdings to 34,065 shares valued at $418,000.
• CNH Industrial reported a quarterly earnings of $0.17 per share, exceeding analyst expectations, despite a revenue decline of 14.2% compared to the previous year.
• Several firms have downgraded their ratings for CNH Industrial, with typical price targets ranging from $11.50 to $16.00, reflecting a cautious outlook from analysts.

Bayforest Capital Ltd boosted its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 3,147.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,065 shares of the company's stock after acquiring an additional 33,016 shares during the period. Bayforest Capital Ltd's holdings in CNH Industrial were worth $418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. acquired a new position in CNH Industrial during the 1st quarter worth approximately $29,000. Twin Tree Management LP boosted its holdings 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 buying an additional 2,606 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of CNH Industrial by 218.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock valued at $42,000 after buying an additional 2,325 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of CNH Industrial by 697.1% in the 1st quarter. Harbour Investments Inc. now owns 4,376 shares of the company's stock valued at $54,000 after buying an additional 3,827 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of CNH Industrial in the 1st quarter valued at $59,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Analyst Ratings Changes

CNH has been the subject of several research analyst reports. Evercore ISI upped their target price 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 upped their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. lowered their target price on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their target price for the company from $12.50 to $11.50 in a report on Wednesday, July 16th. Finally, Oppenheimer upped their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $15.13.

CNH Industrial Price Performance

Shares of NYSE:CNH traded down $0.05 on Monday, reaching $10.92. 2,827,674 shares of the company were exchanged, compared to its average volume of 17,321,527. 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 N.V. has a 1-year low of $10.00 and a 1-year high of $14.27. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 16.79 and a beta of 1.51. The company has a 50-day moving average of $12.42 and a 200-day moving average of $12.45.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm 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 firm's revenue was down 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Equities analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

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.