Voleon Capital Management LP Decreases Stock 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 cut its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 24.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mission Wealth Management LP boosted its holdings in CNH Industrial by 3.0% in the first quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock valued at $452,000 after purchasing an additional 1,056 shares during the period. Avantax Advisory Services Inc. boosted its holdings in CNH Industrial by 3.6% in the first quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company's stock valued at $457,000 after purchasing an additional 1,280 shares during the period. Fifth Third Bancorp boosted its holdings 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 during the period. Integrated Wealth Concepts LLC boosted its holdings in CNH Industrial by 12.3% in the first quarter. Integrated Wealth Concepts LLC now owns 16,143 shares of the company's stock valued at $198,000 after purchasing an additional 1,772 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in CNH Industrial by 15.3% in the first quarter. Brown Advisory Inc. now owns 15,501 shares of the company's stock valued at $190,000 after purchasing an additional 2,061 shares during the period. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Stock Up 0.4%

CNH Industrial stock opened at $11.51 on Tuesday. CNH Industrial N.V. has a fifty-two week low of $9.92 and a fifty-two week high of $14.27. 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 $14.39 billion, a P/E ratio of 17.70 and a beta of 1.51. The stock has a 50-day simple moving average of $12.61 and a 200-day simple moving average of $12.50.

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, 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 during the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the previous year, the business earned $0.38 EPS. The business's quarterly revenue was down 14.2% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Equities research analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Analyst Ratings Changes

CNH has been the subject of a number of recent research reports. Evercore ISI lifted their target price on CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Monday, May 19th. The Goldman Sachs Group downgraded CNH Industrial from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. JPMorgan Chase & Co. decreased their price target on CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. Oppenheimer lifted their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Citigroup lifted their price target on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One investment 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 stock. Based on data from MarketBeat.com, CNH Industrial presently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

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.

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