CNH Industrial N.V. $CNH Shares Sold by Voss Capital LP

Key Points

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Voss Capital LP decreased its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,750,000 shares of the company's stock after selling 1,300,000 shares during the period. CNH Industrial comprises approximately 3.5% of Voss Capital LP's holdings, making the stock its 10th largest holding. Voss Capital LP owned 0.30% of CNH Industrial worth $46,050,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in CNH Industrial in the 1st quarter valued at approximately $1,847,000. Korea Investment CORP raised its holdings in CNH Industrial by 226.9% in the 1st quarter. Korea Investment CORP now owns 1,132,405 shares of the company's stock valued at $13,906,000 after acquiring an additional 785,953 shares in the last quarter. Northern Trust Corp raised its holdings in CNH Industrial by 4.0% in the 1st quarter. Northern Trust Corp now owns 8,393,632 shares of the company's stock valued at $103,074,000 after acquiring an additional 325,935 shares in the last quarter. Brooklyn Investment Group raised its holdings in CNH Industrial by 218.3% in 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 in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in CNH Industrial by 16.0% in the 1st quarter. Raymond James Financial Inc. now owns 2,538,166 shares of the company's stock valued at $31,169,000 after acquiring an additional 350,703 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on CNH. Wall Street Zen began coverage on CNH Industrial in a report on Wednesday, April 30th. They issued a "sell" rating for the company. UBS Group increased their target price on CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group cut CNH Industrial from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. Evercore ISI increased their target price on CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Finally, Citigroup increased their target price 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 company. Based on data from MarketBeat, CNH Industrial presently has an average rating of "Moderate Buy" and a consensus target price of $15.21.

CNH Industrial Trading Up 3.4%

CNH traded up $0.4050 during mid-day trading on Friday, reaching $12.3750. The stock had a trading volume of 8,625,620 shares, compared to its average volume of 17,861,930. The stock has a market capitalization of $15.48 billion, a P/E ratio of 19.04 and a beta of 1.54. 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 firm's fifty day simple moving average is $12.88 and its two-hundred day simple moving average is $12.58. CNH Industrial N.V. has a 52 week low of $9.92 and a 52 week high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The business's quarterly revenue was down 14.2% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, equities analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current 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.