CNH Industrial N.V. $CNH Position Cut by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in CNH Industrial N.V. by 1.3%, now holding approximately 22.48 million shares valued at $276 million.
• The Vanguard Group Inc. significantly increased its holdings in CNH Industrial by 186%, acquiring an additional 58.99 million shares valued at over $1.1 billion.
• CNH Industrial’s stock price has seen an increase of 3.4%, with analysts projecting a consensus price target of $15.21 and a "Moderate Buy" rating.

Hotchkis & Wiley Capital Management LLC trimmed its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,480,453 shares of the company's stock after selling 289,478 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 1.80% of CNH Industrial worth $276,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in CNH Industrial by 186.0% during the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock worth $1,113,847,000 after purchasing an additional 58,991,632 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in CNH Industrial by 1.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company's stock worth $257,719,000 after purchasing an additional 395,005 shares in the last quarter. Dimensional Fund Advisors LP increased its position in CNH Industrial by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company's stock worth $181,481,000 after purchasing an additional 471,610 shares in the last quarter. Millennium Management LLC acquired a new stake in CNH Industrial during the 4th quarter worth approximately $136,517,000. Finally, DME Capital Management LP acquired a new stake in CNH Industrial during the 4th quarter worth approximately $115,959,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. Citigroup increased their price objective 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. Evercore ISI increased their price objective on shares of CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. UBS Group increased their price objective on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Oppenheimer increased their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.21.

CNH Industrial Stock Performance

CNH Industrial stock traded down $0.17 during mid-day trading on Tuesday, reaching $12.07. The company's stock had a trading volume of 10,259,071 shares, compared to its average volume of 12,069,180. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 18.53 and a beta of 1.54. The business has a 50 day moving average price of $12.85 and a 200-day moving average price of $12.57. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. CNH Industrial N.V. has a twelve month low of $9.92 and a twelve month high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $4.71 billion during 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 firm's revenue was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Sell-side analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

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.