CNH Industrial (NYSE:CNH) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

CNH Industrial (NYSE:CNH) released its quarterly earnings data on Monday. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03, FiscalAI reports. CNH Industrial had a net margin of 2.13% and a return on equity of 7.48%. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.77 billion.

CNH Industrial Stock Up 0.2%

CNH stock opened at $10.28 on Monday. The stock has a market capitalization of $12.74 billion, a P/E ratio of 33.15, a PEG ratio of 1.96 and a beta of 1.15. The company has a debt-to-equity ratio of 3.32, a quick ratio of 10.17 and a current ratio of 12.27. CNH Industrial has a one year low of $9.00 and a one year high of $13.31. The company has a 50 day moving average price of $10.60 and a two-hundred day moving average price of $10.95.

Institutional Investors Weigh In On CNH Industrial

A number of institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in CNH Industrial by 395.2% during the 4th quarter. AQR Capital Management LLC now owns 17,308,839 shares of the company’s stock worth $159,587,000 after acquiring an additional 13,813,670 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of CNH Industrial in the 4th quarter valued at about $89,964,000. Dimensional Fund Advisors LP lifted its position in shares of CNH Industrial by 45.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 26,824,753 shares of the company’s stock worth $247,338,000 after purchasing an additional 8,332,615 shares during the last quarter. Millennium Management LLC grew its stake in CNH Industrial by 180.9% in the fourth quarter. Millennium Management LLC now owns 6,825,862 shares of the company’s stock worth $62,934,000 after purchasing an additional 4,395,896 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in CNH Industrial by 17.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 26,070,783 shares of the company’s stock valued at $282,868,000 after buying an additional 3,841,999 shares during the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Truist Financial set a $16.00 target price on shares of CNH Industrial in a research report on Friday, May 1st. Evercore set a $12.25 price objective on shares of CNH Industrial in a research note on Monday, May 11th. Sanford C. Bernstein assumed coverage on CNH Industrial in a research report on Thursday, May 7th. They set a “market perform” rating and a $11.00 price objective for the company. The Goldman Sachs Group lowered CNH Industrial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $12.00 to $10.50 in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. increased their target price on CNH Industrial from $9.50 to $10.00 and gave the company an “underweight” rating in a report on Monday, July 13th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.77.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.