Swedbank AB Lowers Holdings in CNH Industrial N.V. $CNH

Key Points

• Swedbank AB reduced its stake in CNH Industrial N.V. by 34.6% during the first quarter, after selling 331,826 shares, leaving it with approximately 626,009 shares valued at around $7.69 million.
• Several analysts have raised their price targets for CNH Industrial, with reports indicating a consensus target price of $15.13 and ratings ranging from "Strong Buy" to "Neutral".
• Despite beating earnings expectations with $0.17 EPS for the last quarter, CNH Industrial's revenue declined by 14.2% year-over-year, bringing concerns about future performance.

Swedbank AB decreased its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 34.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 626,009 shares of the company's stock after selling 331,826 shares during the period. Swedbank AB owned approximately 0.05% of CNH Industrial worth $7,687,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in CNH Industrial by 186.0% in the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock valued at $1,113,847,000 after buying an additional 58,991,632 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in CNH Industrial by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company's stock worth $257,719,000 after purchasing an additional 395,005 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of CNH Industrial by 125.8% during the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock valued at $223,750,000 after acquiring an additional 10,149,760 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CNH Industrial by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company's stock valued at $181,481,000 after acquiring an additional 471,610 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in CNH Industrial by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,605,783 shares of the company's stock worth $105,679,000 after buying an additional 36,343 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CNH shares. The Goldman Sachs Group cut 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. Oppenheimer cut their price objective on CNH Industrial from $16.00 to $13.00 and set an "outperform" rating on the stock in a research report on Thursday. Citigroup boosted their price objective on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. dropped their price target on CNH Industrial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, CNH Industrial presently has an average rating of "Moderate Buy" and an average target price of $14.88.

CNH Industrial Price Performance

Shares of CNH traded down $0.12 during trading hours on Friday, reaching $10.97. 27,287,507 shares of the company's stock traded hands, compared to its average volume of 11,078,402. The stock has a market cap of $13.72 billion, a PE ratio of 16.88 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. The firm's 50 day simple moving average is $12.15 and its 200-day simple moving average is $12.39. 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 posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.38 EPS. CNH Industrial's revenue for the quarter 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. Equities analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current year.

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the sale, the insider owned 14,940 shares in the company, valued at approximately $187,198.20. This trade represents a 45.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company's stock.

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.