CNH Industrial N.V. $CNH Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in CNH Industrial N.V. by 16% during the first quarter, owning approximately $31.17 million worth of the company's stock.
• Several research firms raised price targets for CNH Industrial, with UBS Group and Oppenheimer both setting new targets of $16.00, while maintaining buy ratings.
• CNH Industrial reported $0.17 EPS for its latest quarter, exceeding estimates and generating revenues of $4.71 billion, despite a year-over-year revenue decline of 14.2%.

Raymond James Financial Inc. grew its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 16.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,538,166 shares of the company's stock after buying an additional 350,703 shares during the period. Raymond James Financial Inc. owned 0.20% of CNH Industrial worth $31,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Brandywine Global Investment Management LLC raised its position in shares of CNH Industrial by 328.9% in the first quarter. Brandywine Global Investment Management LLC now owns 1,584,169 shares of the company's stock valued at $19,454,000 after buying an additional 1,214,802 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of CNH Industrial by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company's stock valued at $181,481,000 after buying an additional 471,610 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of CNH Industrial in the first quarter valued at about $571,000. Kovitz Investment Group Partners LLC raised its position in shares of CNH Industrial by 1.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 584,483 shares of the company's stock valued at $7,177,000 after buying an additional 11,062 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of CNH Industrial in the first quarter valued at about $11,666,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Down 1.2%

NYSE:CNH traded down $0.15 during mid-day trading on Thursday, hitting $11.93. The stock had a trading volume of 6,269,417 shares, compared to its average volume of 17,628,803. The stock has a 50-day simple moving average of $12.83 and a two-hundred day simple moving average of $12.57. The company has a market capitalization of $14.92 billion, a PE ratio of 18.35 and a beta of 1.54. CNH Industrial N.V. has a twelve month low of $9.92 and a twelve month high of $14.27. 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 (NYSE:CNH - Get Free Report) last issued its earnings results 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. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The firm had revenue of $4.71 billion for the quarter, compared to analysts' expectations of $4.47 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm's revenue was down 14.2% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, equities research analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

CNH has been the subject of several recent analyst reports. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. Wall Street Zen started coverage on shares of CNH Industrial in a research report on Wednesday, April 30th. They set a "sell" rating for the company. Evercore ISI increased their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Oppenheimer increased their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, Citigroup raised their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. One investment 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. According to MarketBeat.com, CNH Industrial presently has an average rating of "Moderate Buy" and an average price target of $15.21.

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.