Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 57,000 Shares of CNH Industrial N.V. $CNH

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in CNH Industrial N.V. by 54.8%, now owning shares worth approximately $1.98 million.
• Several institutional investors have recently changed their positions in CNH, with 59.88% of the stock now owned by institutional investors and hedge funds.
• CNH Industrial reported a quarterly EPS of $0.17, surpassing estimates, but experienced a 14.2% revenue decline year-over-year.

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 54.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,983 shares of the company's stock after acquiring an additional 57,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in CNH Industrial were worth $1,977,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in CNH Industrial in the first quarter valued at approximately $129,000. Russell Investments Group Ltd. lifted its stake in CNH Industrial by 18.0% in the first quarter. Russell Investments Group Ltd. now owns 2,331,924 shares of the company's stock valued at $28,630,000 after acquiring an additional 356,344 shares during the last quarter. HighTower Advisors LLC lifted its stake in CNH Industrial by 3.3% in the first quarter. HighTower Advisors LLC now owns 226,421 shares of the company's stock valued at $2,780,000 after acquiring an additional 7,164 shares during the last quarter. Independent Advisor Alliance acquired a new stake in CNH Industrial in the first quarter valued at approximately $129,000. Finally, Nuveen LLC acquired a new stake in shares of CNH Industrial in the first quarter worth $29,143,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Performance

CNH Industrial stock traded up $0.3850 on Friday, hitting $12.3550. The company's stock had a trading volume of 4,708,343 shares, compared to its average volume of 17,837,736. The firm has a market cap of $15.45 billion, a P/E ratio of 19.01 and a beta of 1.54. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. The company has a fifty day moving average price of $12.88 and a 200-day moving average price of $12.58. CNH Industrial N.V. has a one year low of $9.92 and a one year high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm 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 for the quarter was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, equities 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 brokerages have recently weighed in on CNH. Wall Street Zen began coverage on shares of CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. Oppenheimer boosted their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Evercore ISI boosted their price objective on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Finally, Citigroup boosted their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.21.

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.