State of Wyoming Acquires New Shares in CNH Industrial N.V. $CNH

Key Points

• The State of Wyoming has invested approximately $367,000 in CNH Industrial N.V., acquiring 29,888 shares in the first quarter.
• Several institutional investors, including Colonial Trust Co SC and Harbour Investments Inc., have also recently increased their stakes in CNH Industrial, with hedge funds owning 59.88% of the stock.
• CNH Industrial reported a quarterly EPS of $0.17, exceeding estimates, despite a 14.2% decline in year-over-year revenue.

State of Wyoming purchased a new position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 29,888 shares of the company's stock, valued at approximately $367,000.

A number of other large investors have also recently bought and sold shares of the business. Trexquant Investment LP grew its holdings in CNH Industrial by 71.3% during the 1st quarter. Trexquant Investment LP now owns 2,755,963 shares of the company's stock worth $33,843,000 after acquiring an additional 1,147,333 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in CNH Industrial by 17.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 169,446 shares of the company's stock worth $2,081,000 after acquiring an additional 25,571 shares during the period. SVB Wealth LLC acquired a new stake in CNH Industrial during the 1st quarter worth about $59,000. Allstate Corp grew its holdings in CNH Industrial by 108.3% during the 1st quarter. Allstate Corp now owns 57,343 shares of the company's stock worth $704,000 after acquiring an additional 29,811 shares during the period. Finally, Compound Planning Inc. grew its holdings in CNH Industrial by 51.0% during the 1st quarter. Compound Planning Inc. now owns 29,956 shares of the company's stock worth $368,000 after acquiring an additional 10,124 shares during the period. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Performance

Shares of CNH Industrial stock traded up $0.02 during mid-day trading on Wednesday, hitting $11.22. 11,258,431 shares of the stock were exchanged, compared to its average volume of 9,453,494. CNH Industrial N.V. has a 12 month low of $9.92 and a 12 month high of $14.27. The company has a 50-day simple moving average of $12.70 and a 200 day simple moving average of $12.53. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The company has a market capitalization of $14.03 billion, a P/E ratio of 17.25 and a beta of 1.51.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm 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 company's quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Sell-side analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CNH shares. Citigroup raised their target price on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Oppenheimer raised their target price on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Evercore ISI raised their target price on CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. UBS Group raised their target price on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. reduced their target price on CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday. 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

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.