CNH Industrial N.V. $CNH Shares Bought by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC significantly increased its holdings in CNH Industrial N.V. by 2,912.5% in the second quarter, owning 389,696 shares by the end of the reporting period.
• JPMorgan Chase & Co. and Goldman Sachs Group both downgraded their ratings on CNH Industrial, reflecting a cautious outlook for the company with revised price targets of $12.00 and $11.50 respectively.
• During the latest earnings report, CNH Industrial posted earnings of $0.17 EPS, surpassing estimates, despite a 14.2% decline in revenue year-over-year.

Exchange Traded Concepts LLC raised its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 2,912.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,696 shares of the company's stock after buying an additional 376,760 shares during the period. Exchange Traded Concepts LLC's holdings in CNH Industrial were worth $5,050,000 as of its most recent SEC filing.

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

Insider Activity

In other news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the sale, the insider directly owned 14,940 shares of the company's stock, valued at $187,198.20. This trade represents a 45.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.23% of the company's stock.

CNH Industrial Stock Performance

Shares of CNH stock traded up $0.08 during mid-day trading on Tuesday, hitting $11.08. The stock had a trading volume of 1,691,917 shares, compared to its average volume of 17,192,447. The firm has a market cap of $13.85 billion, a PE ratio of 17.04 and a beta of 1.51. The company's 50-day simple moving average is $12.11 and its 200-day simple moving average is $12.39. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. CNH Industrial N.V. has a fifty-two week low of $10.00 and a fifty-two week high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its quarterly 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. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business's revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Sell-side analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CNH. JPMorgan Chase & Co. dropped 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. Oppenheimer decreased their price objective on shares of CNH Industrial from $16.00 to $13.00 and set an "outperform" rating for the company in a research note on Thursday, September 18th. Citigroup lifted their target price on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and reduced their price target for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CNH Industrial has a consensus rating of "Moderate Buy" and a consensus target price of $14.88.

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.