CNH Industrial N.V. $CNH Shares Purchased 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 increased its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 3,147.4% during the 1st quarter, according to its most recent filing with the SEC. 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 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CNH. Global X Japan Co. Ltd. acquired a new stake in CNH Industrial during the first quarter valued at approximately $29,000. Twin Tree Management LP raised its position in shares of CNH Industrial by 1,068.0% during 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 raised its position in shares of CNH Industrial by 218.3% during the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock valued at $42,000 after acquiring an additional 2,325 shares in the last quarter. Harbour Investments Inc. lifted its stake in CNH Industrial by 697.1% during the first quarter. Harbour Investments Inc. now owns 4,376 shares of the company's stock worth $54,000 after purchasing an additional 3,827 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in CNH Industrial in the first quarter worth $59,000. Institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Down 1.4%

Shares of CNH Industrial stock opened at $11.34 on Wednesday. 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 $14.18 billion, a P/E ratio of 17.45 and a beta of 1.51. The business's fifty day moving average price is $12.57 and its two-hundred day moving average price is $12.48. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The company's quarterly revenue was down 14.2% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, research analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CNH shares. JPMorgan Chase & Co. dropped their target price on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, September 2nd. The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Evercore ISI raised their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Citigroup upped their target price on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Oppenheimer raised their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

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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