Voleon Capital Management LP Cuts Position in CNH Industrial N.V. $CNH

Key Points

• Voleon Capital Management LP reduced its stake in CNH Industrial N.V. by 24.2%, now holding 82,687 shares valued at approximately $1,015,000.
• CNH Industrial's stock increased by 0.4%, currently priced at $11.51, with a 52-week range between $9.92 and $14.27.
• CNH Industrial reported earnings per share of $0.17 for the last quarter, exceeding estimates by $0.01, despite a 14.2% year-over-year decline in revenue.

Voleon Capital Management LP lowered its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 24.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 82,687 shares of the company's stock after selling 26,328 shares during the period. Voleon Capital Management LP's holdings in CNH Industrial were worth $1,015,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. purchased a new position in shares of CNH Industrial during the 1st quarter valued at about $29,000. Twin Tree Management LP grew its position in shares of CNH Industrial by 1,068.0% during the 1st quarter. Twin Tree Management LP now owns 2,362 shares of the company's stock valued at $29,000 after acquiring an additional 2,606 shares during the period. Brooklyn Investment Group grew its position in shares of CNH Industrial by 218.3% during the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock valued at $42,000 after acquiring an additional 2,325 shares during the period. Harbour Investments Inc. grew its position in shares of CNH Industrial by 697.1% during the 1st quarter. Harbour Investments Inc. now owns 4,376 shares of the company's stock valued at $54,000 after acquiring an additional 3,827 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of CNH Industrial during the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price 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. Oppenheimer raised their target price on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research report 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 report on Monday, May 19th. Citigroup lifted their price objective on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, The Goldman Sachs Group cut CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, CNH Industrial currently has a consensus rating of "Moderate Buy" and an average target price of $15.13.

CNH Industrial Price Performance

Shares of CNH Industrial stock traded down $0.26 on Friday, hitting $10.97. 18,123,459 shares of the company were exchanged, compared to its average volume of 10,839,783. The stock has a market capitalization of $13.72 billion, a price-to-earnings ratio of 16.87 and a beta of 1.51. The company has a 50-day moving average price of $12.42 and a 200 day moving average price of $12.45. CNH Industrial N.V. has a 1-year low of $10.00 and a 1-year high of $14.27. The company has a quick ratio of 10.34, a current ratio of 12.33 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, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $4.71 billion for the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The business's revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, sell-side analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

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.