OLD National Bancorp IN Has $18.97 Million Stock Position in CNH Industrial N.V. $CNH

Key Points

• OLD National Bancorp IN has increased its stake in CNH Industrial N.V. by 17% to a total of $18.97 million during the second quarter, owning approximately 1.46 million shares.
• CNH Industrial's recent quarterly earnings surpassed expectations with an EPS of $0.17, although revenue decreased by 14.2% year-over-year.
• Analyst ratings for CNH Industrial show mixed opinions, with ratings ranging from a "Strong Buy" to "Neutral," and a revised price target down to $12.00 from $13.00 by JPMorgan.

OLD National Bancorp IN boosted its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 17.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,463,973 shares of the company's stock after purchasing an additional 212,618 shares during the period. OLD National Bancorp IN owned about 0.12% of CNH Industrial worth $18,973,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in CNH Industrial during the fourth quarter worth approximately $1,233,000. GAMMA Investing LLC boosted its holdings in shares of CNH Industrial by 3,205.6% during the first quarter. GAMMA Investing LLC now owns 88,723 shares of the company's stock worth $1,090,000 after acquiring an additional 86,039 shares during the period. Merit Financial Group LLC boosted its holdings in shares of CNH Industrial by 21.4% during the first quarter. Merit Financial Group LLC now owns 23,232 shares of the company's stock worth $285,000 after acquiring an additional 4,090 shares during the period. Gateway Investment Advisers LLC boosted its holdings in shares of CNH Industrial by 359.2% during the first quarter. Gateway Investment Advisers LLC now owns 124,035 shares of the company's stock worth $1,523,000 after acquiring an additional 97,026 shares during the period. Finally, TB Alternative Assets Ltd. bought a new stake in shares of CNH Industrial during the first quarter worth approximately $1,275,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. Weiss Ratings restated a "hold (c)" rating on shares of CNH Industrial in a report on Saturday, September 27th. Oppenheimer lowered their target price on shares of CNH Industrial from $16.00 to $13.00 and set an "outperform" rating on the stock in a report on Thursday, September 18th. Finally, The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, CNH Industrial presently has an average rating of "Moderate Buy" and an average price target of $14.95.

CNH Industrial Price Performance

Shares of NYSE:CNH opened at $10.92 on Friday. The firm has a 50 day moving average of $11.71 and a 200-day moving average of $12.26. The stock has a market capitalization of $13.65 billion, a PE ratio of 16.79 and a beta of 1.51. 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 12 month low of $10.00 and a 12 month high of $14.27.

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 (EPS) for the quarter, beating 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 firm's quarterly 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 research analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insider Transactions at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of CNH Industrial stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total value of $153,755.63. Following the transaction, the insider directly owned 14,940 shares of the company's stock, valued at $187,198.20. This trade represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

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.

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