Russell Investments Group Ltd. Has $28.63 Million Holdings in CNH Industrial N.V. $CNH

Key Points

• Russell Investments Group Ltd. increased its stake in CNH Industrial N.V. by 18.0%, owning approximately 0.19% of the company worth $28.63 million.
• Institutional investors collectively own 59.88% of CNH Industrial, with Vanguard Group significantly boosting its stake by 186.0% in Q1.
• CNH Industrial's latest earnings report showed earnings per share of $0.17, beating estimates, with a revenue decline of 14.2% year-over-year.

Russell Investments Group Ltd. boosted its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 18.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,331,924 shares of the company's stock after purchasing an additional 356,344 shares during the quarter. Russell Investments Group Ltd. owned 0.19% of CNH Industrial worth $28,630,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC grew its holdings in CNH Industrial by 3.3% during the first quarter. HighTower Advisors LLC now owns 226,421 shares of the company's stock valued at $2,780,000 after purchasing an additional 7,164 shares during the period. Independent Advisor Alliance acquired a new position in shares of CNH Industrial in the first quarter valued at approximately $129,000. Nuveen LLC acquired a new position in shares of CNH Industrial in the first quarter valued at approximately $29,143,000. Virtu Financial LLC boosted its holdings in shares of CNH Industrial by 131.9% in the first quarter. Virtu Financial LLC now owns 79,254 shares of the company's stock valued at $973,000 after buying an additional 45,072 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of CNH Industrial by 89.1% in the first quarter. Invesco Ltd. now owns 4,907,506 shares of the company's stock valued at $60,264,000 after buying an additional 2,311,887 shares during the period. Institutional investors and hedge funds own 59.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. UBS Group raised their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Evercore ISI lifted their price target on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. 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. Wall Street Zen began coverage on shares of CNH Industrial in a report on Wednesday, April 30th. They set a "sell" rating on the stock. Finally, The Goldman Sachs Group downgraded 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 research note on Wednesday, July 16th. 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 company. Based on data from MarketBeat, CNH Industrial currently has an average rating of "Moderate Buy" and an average price target of $15.21.

CNH Industrial Trading Down 0.8%

CNH traded down $0.0950 during midday trading on Wednesday, hitting $12.1350. The company's stock had a trading volume of 4,623,896 shares, compared to its average volume of 17,956,201. The firm has a market cap of $15.18 billion, a P/E ratio of 18.67 and a beta of 1.54. CNH Industrial N.V. has a 52-week low of $9.86 and a 52-week 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. The firm has a 50-day moving average price of $12.91 and a two-hundred day moving average price of $12.59.

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. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same period in the previous year, the company posted $0.38 EPS. The company'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, research analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

CNH Industrial 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.