Gateway Investment Advisers LLC Has $3.50 Million Holdings in CNH Industrial N.V. $CNH

Key Points

• Gateway Investment Advisers LLC increased its stake in CNH Industrial N.V. by 117.9% during the second quarter, bringing their total ownership to 270,229 shares valued at approximately $3.5 million.
• Several institutional investors, including Bank Pictet & Cie Europe AG and Janus Henderson Group PLC, also acquired new stakes in CNH Industrial in the fourth quarter, contributing to a total institutional ownership of 59.88%.
• Analysts have mixed sentiments towards CNH Industrial, with ratings ranging from "Strong Buy" to "Neutral," and recent price targets varying between $11.50 and $16.00.

Gateway Investment Advisers LLC lifted its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 117.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,229 shares of the company's stock after buying an additional 146,194 shares during the quarter. Gateway Investment Advisers LLC's holdings in CNH Industrial were worth $3,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CNH. Teacher Retirement System of Texas bought a new position in CNH Industrial in the 1st quarter worth approximately $1,570,000. Fifth Third Bancorp grew its holdings in shares of CNH Industrial by 29.3% in the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock worth $77,000 after purchasing an additional 1,416 shares during the last quarter. SG Americas Securities LLC increased its stake 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 worth $739,000 after acquiring an additional 49,256 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CNH Industrial in the fourth quarter worth $1,233,000. Finally, GAMMA Investing LLC boosted its holdings 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 buying an additional 4,541 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CNH shares. Citigroup increased their target price on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. 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 report on Tuesday, September 2nd. The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price target for the company from $12.50 to $11.50 in a report on Wednesday, July 16th. Finally, Oppenheimer decreased their price objective on CNH Industrial from $16.00 to $13.00 and set an "outperform" rating on the stock in a research report on Thursday. One investment 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.88.

CNH Industrial Trading Down 1.1%

Shares of CNH traded down $0.12 during midday trading on Friday, reaching $10.97. The company had a trading volume of 27,287,507 shares, compared to its average volume of 11,078,402. The firm has a 50 day simple moving average of $12.15 and a 200-day simple moving average of $12.39. 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 stock has a market cap of $13.72 billion, a PE ratio of 16.88 and a beta of 1.51. 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 issued its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company's revenue was down 14.2% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Research analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insider Activity at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the business'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 transaction of $153,755.63. Following the completion of the transaction, the insider directly owned 14,940 shares in the company, valued at approximately $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.

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.