CNH Industrial N.V. $CNH Stock: Perpetual Ltd Lowers Position

Key Points

• Perpetual Ltd reduced its CNH Industrial stake by 5.9% in the third quarter, selling 149,440 shares and retaining 2.4 million shares worth approximately $30.9 million. Institutional investors collectively own 59.88% of the company.
• CNH Industrial’s stock opened at $11.66, with a 12-month range of $9.00 to $14.46. The company recently reported quarterly revenue of $4.80 billion and adjusted earnings of $0.13 per share, exceeding analyst expectations.
• Analyst sentiment is mixed but improving: the stock has a consensus “Hold” rating and an average price target of $13.30, with recent upgrades from Robert W. Baird and Citigroup offset by JPMorgan’s “underweight” rating.

Perpetual Ltd cut its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,404,137 shares of the company's stock after selling 149,440 shares during the quarter. Perpetual Ltd owned approximately 0.19% of CNH Industrial worth $30,893,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Riversedge Advisors LLC purchased a new stake in CNH Industrial in the third quarter worth approximately $153,000. Legacy Wealth Asset Management LLC bought a new position in CNH Industrial during the third quarter valued at approximately $907,000. LifeGoal Investments LLC bought a new position in CNH Industrial during the third quarter valued at approximately $206,000. GAMMA Investing LLC grew its position in CNH Industrial by 39.5% during the third quarter. GAMMA Investing LLC now owns 15,170 shares of the company's stock valued at $195,000 after acquiring an additional 4,296 shares during the last quarter. Finally, Everhart Financial Group Inc. raised its stake in shares of CNH Industrial by 39.7% during the third quarter. Everhart Financial Group Inc. now owns 14,691 shares of the company's stock worth $189,000 after acquiring an additional 4,176 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Stock Up 2.4%

CNH opened at $11.66 on Tuesday. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $14.46. The company has a current ratio of 12.23, a quick ratio of 10.16 and a debt-to-equity ratio of 3.33. The business's 50-day moving average price is $12.38 and its 200-day moving average price is $11.26. The company has a market cap of $14.44 billion, a P/E ratio of 46.66 and a beta of 1.20.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%. The company had revenue of $4.80 billion during the quarter, compared to analysts' expectations of $4.77 billion. During the same period in the prior year, the business posted $0.17 EPS. CNH Industrial's quarterly revenue was up 2.0% compared to the same quarter last year. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. On average, equities analysts expect that CNH Industrial N.V. will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of CNH Industrial from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Thursday, October 8th. Weiss Ratings raised shares of CNH Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 2nd. Robert W. Baird raised shares of CNH Industrial from a "neutral" rating to an "outperform" rating and set a $15.00 target price on the stock in a report on Monday, August 31st. Citigroup increased their target price on shares of CNH Industrial from $12.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Finally, DA Davidson reiterated a "neutral" rating and issued a $12.00 target price on shares of CNH Industrial in a research report on Wednesday, August 19th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.30.

About CNH Industrial

CNH Industrial N.V. is a global manufacturer of agriculture and construction equipment. The company develops, produces and sells machinery, technologies and services used in farming, road building, infrastructure development and related industries.

Its agriculture business offers tractors, combines, harvesting equipment, planting and seeding machinery, hay and forage equipment, sprayers and precision-agriculture technologies. Its construction portfolio includes excavators, loaders, dozers, compactors, graders and other equipment.

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