Lord Abbett & CO. LLC bought a new stake in CNH Industrial N.V. (NYSE:CNH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 950,000 shares of the company's stock, valued at approximately $11,666,000. Lord Abbett & CO. LLC owned 0.08% of CNH Industrial at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of CNH Industrial by 186.0% in the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock valued at $1,113,847,000 after purchasing an additional 58,991,632 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CNH Industrial by 1.9% in 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 during the period. Dimensional Fund Advisors LP purchased a new position in CNH Industrial in the fourth quarter worth $162,095,000. Millennium Management LLC purchased a new stake in CNH Industrial during the fourth quarter valued at about $136,517,000. Finally, DME Capital Management LP bought a new position in shares of CNH Industrial during the fourth quarter valued at about $115,959,000. Institutional investors own 59.88% of the company's stock.
CNH Industrial Stock Down 1.6%
NYSE:CNH traded down $0.1950 during trading hours on Thursday, reaching $11.9850. 2,276,058 shares of the stock were exchanged, compared to its average volume of 17,875,549. CNH Industrial N.V. has a twelve month low of $9.92 and a twelve month high of $14.27. The stock has a market cap of $14.99 billion, a PE ratio of 18.48 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 firm has a 50 day moving average of $12.90 and a 200 day moving average of $12.58.
CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.CNH Industrial's revenue was down 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, equities analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current year.
Wall Street Analyst Weigh In
CNH has been the topic of several analyst reports. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Wall Street Zen assumed coverage on shares of CNH Industrial in a report on Wednesday, April 30th. They issued a "sell" rating on the stock. UBS Group raised their price objective 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. Oppenheimer lifted their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Citigroup upped their price target on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a report 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, CNH Industrial currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.21.
Check Out Our Latest Analysis on CNH Industrial
About CNH Industrial
(
Free Report)
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.
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