Perpetual Ltd Lowers Holdings in CNH Industrial N.V. $CNH

Key Points

• Perpetual Ltd has reduced its holdings in CNH Industrial N.V. by 18.3%, selling 1,647,900 shares, which now represents only 1.1% of its portfolio.
• Vanguard Group significantly increased its stake in CNH Industrial by 186.0%, now owning 90,704,159 shares valued at over $1.1 billion.
• CNH Industrial reported a net revenue of $4.71 billion for the recent quarter, surpassing analysts' expectations, although it marked a 14.2% year-over-year decline.

Perpetual Ltd lowered its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,347,045 shares of the company's stock after selling 1,647,900 shares during the quarter. CNH Industrial makes up about 1.1% of Perpetual Ltd's investment portfolio, making the stock its 22nd largest holding. Perpetual Ltd owned approximately 0.59% of CNH Industrial worth $95,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNH. Vanguard Group Inc. lifted its stake in shares of CNH Industrial by 186.0% in the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock valued at $1,113,847,000 after purchasing an additional 58,991,632 shares during the period. Alliancebernstein L.P. lifted its stake in shares of CNH Industrial by 125.8% in the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock valued at $223,750,000 after purchasing an additional 10,149,760 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of CNH Industrial in the 4th quarter valued at approximately $97,092,000. Royal Bank of Canada purchased a new position in shares of CNH Industrial in the 4th quarter valued at approximately $39,306,000. Finally, Nuveen LLC purchased a new position in shares of CNH Industrial in the 1st quarter valued at approximately $29,143,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Insider Activity at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the transaction, the insider directly owned 14,940 shares in the company, valued at $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, September 2nd. The Goldman Sachs Group cut CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. Oppenheimer lowered their price objective on CNH Industrial from $16.00 to $13.00 and set an "outperform" rating for the company in a research note on Thursday, September 18th. Finally, Citigroup lifted their price objective on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. One investment 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 stock. According to data from MarketBeat, CNH Industrial has a consensus rating of "Moderate Buy" and an average price target of $14.88.

CNH Industrial Stock Performance

Shares of CNH traded up $0.01 during trading hours on Tuesday, hitting $11.01. The stock had a trading volume of 3,153,219 shares, compared to its average volume of 17,201,820. The stock has a fifty day moving average price of $12.11 and a 200 day moving average price of $12.39. CNH Industrial N.V. has a 12 month low of $10.00 and a 12 month 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 firm has a market capitalization of $13.77 billion, a PE ratio of 16.93 and a beta of 1.51.

CNH Industrial (NYSE:CNH - Get Free Report) last released 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 return on equity of 10.79% and a net margin of 4.55%.The business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. CNH Industrial's revenue for the quarter was down 14.2% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current 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.