Wellington Management Group LLP Purchases New Stake in CNH Industrial N.V. $CNH

Key Points

• Wellington Management Group LLP has invested approximately $1.85 million in CNH Industrial, acquiring 150,375 shares in the first quarter of the year.
• CNH Industrial reported better-than-expected earnings with an EPS of $0.17, while quarterly revenue was $4.71 billion, exceeding analysts' expectations.
• Analysts have varying ratings on CNH Industrial, with target prices ranging from $11.50 to $16.00, resulting in a consensus rating of "Moderate Buy."

Wellington Management Group LLP purchased a new position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 150,375 shares of the company's stock, valued at approximately $1,847,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in CNH Industrial by 186.0% in the 1st 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. Millennium Management LLC acquired a new stake in CNH Industrial in the fourth quarter valued at $136,517,000. DME Capital Management LP acquired a new stake in shares of CNH Industrial during the fourth quarter worth $115,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in CNH Industrial in the 4th quarter valued at about $97,092,000. Finally, Northern Trust Corp bought a new position in shares of CNH Industrial during the 4th quarter valued at about $91,407,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Analyst Upgrades and Downgrades

CNH has been the topic of several analyst reports. UBS Group increased their price target on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 9th. 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 report on Tuesday, July 15th. The Goldman Sachs Group downgraded CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price target for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. Citigroup boosted their price target on shares of 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. cut their price target on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.13.

CNH Industrial Price Performance

Shares of NYSE:CNH traded up $0.12 during trading on Friday, reaching $11.48. The stock had a trading volume of 3,129,242 shares, compared to its average volume of 17,444,031. The business has a fifty day moving average price of $12.67 and a 200-day moving average price of $12.53. The stock has a market cap of $14.35 billion, a PE ratio of 17.64 and a beta of 1.51. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. CNH Industrial N.V. has a 1-year low of $9.92 and a 1-year high of $14.27.

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, beating the consensus estimate 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 analysts' expectations of $4.47 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm's revenue 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. On average, equities analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

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.