Empowered Funds LLC Acquires 582,777 Shares of CNH Industrial N.V. $CNH

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 lifted its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 1,579.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 619,678 shares of the company's stock after acquiring an additional 582,777 shares during the period. Empowered Funds LLC's holdings in CNH Industrial were worth $7,610,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of CNH Industrial in the 1st quarter valued at approximately $1,570,000. Fifth Third Bancorp raised its position in shares of CNH Industrial by 29.3% in 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. SG Americas Securities LLC raised its position in shares of CNH Industrial by 450.0% in the 1st quarter. SG Americas Securities LLC now owns 60,202 shares of the company's stock valued at $739,000 after acquiring an additional 49,256 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $1,233,000. Finally, GAMMA Investing LLC raised its position in shares of CNH Industrial by 169.2% in the 1st quarter. GAMMA Investing LLC now owns 7,225 shares of the company's stock valued at $89,000 after acquiring an additional 4,541 shares during the period. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CNH shares. JPMorgan Chase & Co. cut their price target 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. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and cut their price target for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. Citigroup increased their price target on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Oppenheimer raised their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Evercore ISI raised their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, CNH Industrial has a consensus rating of "Moderate Buy" and a consensus target price of $15.13.

CNH Industrial Stock Down 0.5%

CNH stock traded down $0.06 during mid-day trading on Tuesday, hitting $10.83. 2,484,200 shares of the company were exchanged, compared to its average volume of 17,279,125. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The firm has a market cap of $13.54 billion, a P/E ratio of 16.65 and a beta of 1.51. The firm's 50 day simple moving average is $12.37 and its 200 day simple moving average is $12.43. CNH Industrial N.V. has a 1-year low of $10.00 and a 1-year high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business's quarterly revenue was down 14.2% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, sell-side analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current fiscal 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.