46,488 Shares in CNH Industrial N.V. $CNH Bought by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has invested approximately $571,000 in CNH Industrial N.V., purchasing 46,488 shares in the 1st quarter.
• CNH Industrial reported earnings per share of $0.17 for the last quarter, beating the consensus estimate by $0.01, despite experiencing a 14.2% year-over-year revenue decline.
• Analysts have varied ratings on CNH Industrial, with an average rating of Moderate Buy and a target price of $15.21, indicating differing levels of optimism regarding the stock's potential.

Fox Run Management L.L.C. acquired a new stake in CNH Industrial N.V. (NYSE:CNH - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 46,488 shares of the company's stock, valued at approximately $571,000.

Several other hedge funds also recently made changes to their positions in the stock. Colonial Trust Co SC purchased a new stake in shares of CNH Industrial in the fourth quarter worth about $25,000. TD Waterhouse Canada Inc. purchased a new stake in CNH Industrial in the fourth quarter valued at approximately $29,000. Global X Japan Co. Ltd. purchased a new stake in shares of CNH Industrial during the 1st quarter valued at $29,000. LGT Financial Advisors LLC purchased a new stake in CNH Industrial during the fourth quarter valued at about $32,000. Finally, Harbour Investments Inc. increased its position in shares of CNH Industrial by 697.1% during the 1st quarter. Harbour Investments Inc. now owns 4,376 shares of the company's stock valued at $54,000 after purchasing an additional 3,827 shares during the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Stock Up 3.4%

Shares of CNH Industrial stock traded up $0.4050 on Friday, reaching $12.3750. The company's stock had a trading volume of 4,949,063 shares, compared to its average volume of 17,839,432. CNH Industrial N.V. has a 52 week low of $9.92 and a 52 week high of $14.27. The firm's fifty day simple moving average is $12.88 and its two-hundred day simple moving average is $12.58. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 19.04 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.

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 the consensus estimate of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company had revenue of $4.71 billion for the quarter, compared to analysts' expectations of $4.47 billion. During the same quarter last year, the company posted $0.38 earnings per share. The firm's quarterly revenue was down 14.2% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Equities analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on CNH. UBS Group lifted their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Evercore ISI raised their price target 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. Citigroup raised their target price on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Wall Street Zen initiated coverage on CNH Industrial in a report on Wednesday, April 30th. They issued a "sell" rating for the company. Finally, The Goldman Sachs Group cut 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 report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.