Northern Trust Corp Increases Position in CNH Industrial N.V. $CNH

Key Points

• Northern Trust Corp increased its stake in CNH Industrial N.V. by 4.0%, acquiring an additional 325,935 shares, bringing its total to approximately 8.4 million shares valued at $103 million.
• Vanguard Group Inc. made a significant investment, increasing its holdings in CNH Industrial by 186% to 90.7 million shares worth over $1.1 billion.
• CNH Industrial's stock rose 3.4%, and analysts have varied price targets, with Citigroup raising its target from $14 to $16, while Goldman Sachs lowered its target from $12.50 to $11.50.

Northern Trust Corp lifted its holdings in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,393,632 shares of the company's stock after purchasing an additional 325,935 shares during the quarter. Northern Trust Corp owned 0.67% of CNH Industrial worth $103,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CNH. Bank Pictet & Cie Europe AG purchased a new position in shares of CNH Industrial during the fourth quarter worth about $1,937,000. Mariner LLC purchased a new position in shares of CNH Industrial during the 4th quarter valued at about $744,000. Marshall Wace LLP purchased a new position in shares of CNH Industrial during the 4th quarter valued at about $363,000. Canada Pension Plan Investment Board purchased a new position in shares of CNH Industrial during the 4th quarter valued at about $224,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of CNH Industrial during the 4th quarter valued at about $656,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CNH shares. UBS Group raised their price objective on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 9th. Citigroup increased their target price on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 30th. Evercore ISI increased their target price on CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Wall Street Zen started coverage on CNH Industrial in a report on Wednesday, April 30th. They set a "sell" rating for the company. Finally, Oppenheimer increased their target price on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. One equities research 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.21.

CNH Industrial Stock Down 1.0%

CNH traded down $0.12 on Thursday, hitting $11.96. The company had a trading volume of 4,517,437 shares, compared to its average volume of 17,617,307. The firm has a market capitalization of $14.95 billion, a P/E ratio of 18.41 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. CNH Industrial N.V. has a 52-week low of $9.92 and a 52-week high of $14.27. The stock has a fifty day simple moving average of $12.83 and a 200-day simple moving average of $12.57.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $4.71 billion for the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business's revenue was down 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, equities analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

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.