Aberdeen Group plc Sells 2,727,381 Shares of CNH Industrial N.V. $CNH

Key Points

• Aberdeen Group plc significantly reduced its stake in CNH Industrial N.V. by 74.2%, selling over 2.7 million shares and retaining approximately 950,226 shares worth around $11.67 million as of the most recent quarter.
• CNH Industrial reported $0.17 earnings per share for the latest quarter, exceeding analysts’ expectations, though revenue decreased 14.2% year-over-year to $4.71 billion.
• Research analysts have a consensus rating of "Moderate Buy" for CNH Industrial, with a target price averaging $15.21, despite some ratings being downgraded.

Aberdeen Group plc reduced its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 74.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 950,226 shares of the company's stock after selling 2,727,381 shares during the period. Aberdeen Group plc owned 0.08% of CNH Industrial worth $11,669,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CNH. Colonial Trust Co SC purchased a new stake in CNH Industrial in the 4th quarter worth approximately $25,000. TD Waterhouse Canada Inc. bought a new position in shares of CNH Industrial during the fourth quarter valued at approximately $29,000. Global X Japan Co. Ltd. bought a new position in shares of CNH Industrial during the first quarter valued at approximately $29,000. LGT Financial Advisors LLC purchased a new position in CNH Industrial during the 4th quarter valued at $32,000. Finally, Harbour Investments Inc. raised its holdings 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 purchasing an additional 3,827 shares in the last quarter. 59.88% of the stock is owned by institutional investors.

CNH Industrial Stock Down 1.2%

CNH Industrial stock traded down $0.15 during mid-day trading on Monday, reaching $12.22. The stock had a trading volume of 7,666,800 shares, compared to its average volume of 12,239,438. The company has a 50-day moving average price of $12.86 and a two-hundred day moving average price of $12.57. CNH Industrial N.V. has a one year low of $9.92 and a one year high of $14.27. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. The company has a market capitalization of $15.29 billion, a price-to-earnings ratio of 18.80 and a beta of 1.54.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $4.71 billion during the quarter, compared to analyst estimates 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 for the quarter was down 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CNH shares. UBS Group raised 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. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Evercore ISI lifted their price objective on CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Citigroup upped their target price on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen began coverage on CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. One investment 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.