CNH Industrial N.V. $CNH Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in CNH Industrial N.V. by 1,579.3%, owning 619,678 shares worth approximately $7.61 million after purchasing an additional 582,777 shares in the first quarter.
• CNH Industrial reported $4.71 billion in revenue for the last quarter, surpassing consensus estimates and yielded an earnings per share (EPS) of $0.17, beating expectations by $0.01.
• Several analysts have adjusted their price targets for CNH Industrial, with Citigroup raising it to $16.00, while Goldman Sachs downgraded it to $11.50.

Empowered Funds LLC boosted its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 1,579.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 619,678 shares of the company's stock after acquiring an additional 582,777 shares during the quarter. Empowered Funds LLC's holdings in CNH Industrial were worth $7,610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CNH. Global X Japan Co. Ltd. purchased a new position in CNH Industrial in the first quarter valued at $29,000. Twin Tree Management LP lifted its position in shares of CNH Industrial by 1,068.0% during the 1st quarter. Twin Tree Management LP now owns 2,362 shares of the company's stock worth $29,000 after buying an additional 2,606 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of CNH Industrial by 218.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock valued at $42,000 after buying an additional 2,325 shares in the last quarter. Harbour Investments Inc. grew its position in shares of CNH Industrial by 697.1% in the 1st quarter. Harbour Investments Inc. now owns 4,376 shares of the company's stock valued at $54,000 after buying an additional 3,827 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in CNH Industrial in the first quarter valued at $59,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Performance

NYSE:CNH traded down $0.26 during mid-day trading on Friday, reaching $10.97. The stock had a trading volume of 18,123,459 shares, compared to its average volume of 10,379,648. CNH Industrial N.V. has a twelve month low of $10.00 and a twelve month high of $14.27. The business has a 50 day simple moving average of $12.42 and a 200 day simple moving average of $12.45. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 16.87 and a beta of 1.51. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.47 billion. During the same period in the prior year, the business posted $0.38 EPS. The company'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. On average, analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup upped their target price on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. lowered their target price on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. Evercore ISI upped their price target on shares of CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. Finally, Oppenheimer lifted their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.13.

CNH Industrial 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.