Credit Agricole S A Decreases Stock Holdings in CNH Industrial N.V. $CNH

Key Points

• Credit Agricole S A has reduced its stake in CNH Industrial N.V. by 31.5%, owning 71,010 shares valued at $872,000 post-sale.
• Vanguard Group Inc. significantly increased its stake in CNH Industrial by 186.0%, acquiring an additional 58,991,632 shares, now totaling 90,704,159 shares valued at approximately $1.11 billion.
• CNH Industrial's quarterly earnings surpassed expectations, reporting $0.17 EPS with revenues of $4.71 billion, despite a 14.2% decline compared to the previous year.

Credit Agricole S A decreased its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 31.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,010 shares of the company's stock after selling 32,647 shares during the period. Credit Agricole S A's holdings in CNH Industrial were worth $872,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new stake in CNH Industrial during the fourth quarter valued at about $25,000. Global X Japan Co. Ltd. purchased a new stake in CNH Industrial during the 1st quarter valued at about $29,000. TD Waterhouse Canada Inc. purchased a new stake in CNH Industrial during the 4th quarter valued at about $29,000. LGT Financial Advisors LLC purchased a new stake in CNH Industrial during the 4th quarter valued at about $32,000. Finally, Brooklyn Investment Group boosted its holdings in 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 during the period. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CNH. Wall Street Zen began coverage on CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating for the company. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price target for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. UBS Group increased their price target on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Oppenheimer increased their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Citigroup increased their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One equities research 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.21.

CNH Industrial Stock Down 1.2%

Shares of CNH stock traded down $0.15 during trading hours on Thursday, hitting $11.93. 6,269,417 shares of the company's stock traded hands, compared to its average volume of 11,339,318. The stock's fifty day simple moving average is $12.82 and its two-hundred day simple moving average is $12.57. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 18.35 and a beta of 1.54. CNH Industrial N.V. has a 12-month low of $9.92 and a 12-month high of $14.27. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $4.71 billion during 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 quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. 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 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.