Trexquant Investment LP Increases Stock Position in CNH Industrial N.V. $CNH

Key Points

• Trexquant Investment LP increased its stake in CNH Industrial N.V. by 71.3% during the first quarter, now owning approximately 2,755,963 shares valued at about $33.84 million.
• CNH Industrial reported a quarterly revenue of $4.71 billion, which exceeded analysts' expectations, although it reflected a 14.2% decrease compared to the same quarter last year.
• Analysts have upgraded CNH Industrial's shares, with Oppenheimer and UBS Group raising their price targets to $16.00, suggesting a positive outlook on the stock.

Trexquant Investment LP lifted its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 71.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,755,963 shares of the company's stock after purchasing an additional 1,147,333 shares during the quarter. CNH Industrial accounts for 0.4% of Trexquant Investment LP's portfolio, making the stock its 27th largest position. Trexquant Investment LP owned approximately 0.22% of CNH Industrial worth $33,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of CNH Industrial during the first quarter worth $1,570,000. Fifth Third Bancorp grew its position in CNH Industrial by 29.3% in the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock valued at $77,000 after purchasing an additional 1,416 shares in the last quarter. SG Americas Securities LLC grew its position in shares of CNH Industrial by 450.0% in the 1st quarter. SG Americas Securities LLC now owns 60,202 shares of the company's stock valued at $739,000 after acquiring an additional 49,256 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of CNH Industrial in the 4th quarter valued at about $1,233,000. Finally, GAMMA Investing LLC grew its position in shares of CNH Industrial by 169.2% in the 1st quarter. GAMMA Investing LLC now owns 7,225 shares of the company's stock valued at $89,000 after acquiring an additional 4,541 shares during the period. 59.88% of the stock is owned by institutional investors.

CNH Industrial Trading Down 4.1%

CNH traded down $0.49 during trading on Friday, reaching $11.44. 13,669,557 shares of the company's stock were exchanged, compared to its average volume of 10,284,826. CNH Industrial N.V. has a one year low of $9.92 and a one year 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 stock has a market capitalization of $14.31 billion, a PE ratio of 17.60 and a beta of 1.54. The firm has a fifty day moving average price of $12.79 and a two-hundred day moving average price of $12.56.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $4.47 billion. During the same period in the previous year, the firm posted $0.38 EPS. The company'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. As a group, equities research analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on CNH shares. Citigroup lifted their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Oppenheimer lifted their price objective 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. UBS Group lifted their price objective on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Evercore ISI boosted their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Finally, The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their target price for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.21.

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.