CNH Industrial N.V. $CNH Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in CNH Industrial N.V. by 89.1%, now holding approximately 4.9 million shares valued at $60.26 million.
• Analysts have varying ratings on CNH Industrial, with price targets ranging from $11.50 to $16.00, reflecting a consensus rating of "Moderate Buy".
• For the last quarter, CNH Industrial reported $0.17 EPS and a revenue of $4.71 billion, both of which surpassed analysts' expectations despite a year-over-year revenue decline.

Invesco Ltd. raised its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 89.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,907,506 shares of the company's stock after buying an additional 2,311,887 shares during the period. Invesco Ltd. owned about 0.39% of CNH Industrial worth $60,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CNH. Teacher Retirement System of Texas bought a new position in shares of CNH Industrial during the first quarter valued at about $1,570,000. Fifth Third Bancorp increased its stake 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 buying an additional 1,416 shares during the period. SG Americas Securities LLC raised its holdings in CNH Industrial by 450.0% during the 1st quarter. SG Americas Securities LLC now owns 60,202 shares of the company's stock valued at $739,000 after buying an additional 49,256 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in CNH Industrial during the 4th quarter valued at $1,233,000. Finally, GAMMA Investing LLC increased its position in shares of CNH Industrial by 169.2% in the first quarter. GAMMA Investing LLC now owns 7,225 shares of the company's stock valued at $89,000 after acquiring an additional 4,541 shares during the period. Hedge funds and other institutional investors own 59.88% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Evercore ISI increased their target price on CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Wall Street Zen began coverage on CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating for the company. The Goldman Sachs Group cut 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 boosted their price objective on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Oppenheimer boosted their target price on CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, CNH Industrial has a consensus rating of "Moderate Buy" and an average target price of $15.21.

CNH Industrial Stock Down 0.1%

NYSE CNH traded down $0.0150 on Wednesday, hitting $12.2150. The stock had a trading volume of 4,269,399 shares, compared to its average volume of 17,953,789. The stock has a market cap of $15.28 billion, a price-to-earnings ratio of 18.79 and a beta of 1.54. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. The business's fifty day moving average price is $12.91 and its 200 day moving average price is $12.59. CNH Industrial N.V. has a 52-week low of $9.86 and a 52-week 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, beating analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. CNH Industrial's revenue for the quarter 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 research analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

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.