State of New Jersey Common Pension Fund D Sells 25,090 Shares of CNH Industrial N.V. $CNH

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in CNH Industrial N.V. by 8.0%, holding 290,428 shares after selling 25,090 shares in the first quarter.
• CNH Industrial reported a net margin of 4.55% and earnings per share of $0.17 for the last quarter, exceeding analysts' expectations of $0.16.
• Analysts have mixed ratings for CNH Industrial, with price targets ranging from $11.50 to $16.00, and a consensus rating of "Moderate Buy".

State of New Jersey Common Pension Fund D lowered its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,428 shares of the company's stock after selling 25,090 shares during the period. State of New Jersey Common Pension Fund D's holdings in CNH Industrial were worth $3,566,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mission Wealth Management LP raised its holdings in CNH Industrial by 3.0% during the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock valued at $452,000 after buying an additional 1,056 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in CNH Industrial by 3.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company's stock valued at $457,000 after acquiring an additional 1,280 shares during the period. Fifth Third Bancorp lifted its stake in CNH Industrial by 29.3% during the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock valued at $77,000 after acquiring an additional 1,416 shares during the period. Brown Advisory Inc. lifted its stake 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 worth $190,000 after purchasing an additional 2,061 shares during the period. Finally, Balefire LLC increased its holdings in CNH Industrial by 10.9% in 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. Hedge funds and other institutional investors own 59.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup raised their price target on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Wall Street Zen assumed coverage on CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating on the stock. Oppenheimer upped their target price on CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Evercore ISI increased their price objective on CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Finally, UBS Group increased their price target on CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $15.21.

CNH Industrial Stock Up 3.4%

CNH traded up $0.4050 on Friday, reaching $12.3750. The company's stock had a trading volume of 8,625,620 shares, compared to its average volume of 12,515,309. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 19.04 and a beta of 1.54. CNH Industrial N.V. has a 1 year low of $9.92 and a 1 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 business's 50 day moving average is $12.88 and its 200 day moving average is $12.58.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating the consensus estimate 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 return on equity of 10.79% and a net margin of 4.55%.The firm's revenue was down 14.2% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. 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 fiscal year.

About CNH Industrial

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.