Parvin Asset Management LLC Acquires New Stake in CNH Industrial N.V. $CNH

Parvin Asset Management LLC bought a new position in shares of CNH Industrial N.V. (NYSE:CNHFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 48,925 shares of the company’s stock, valued at approximately $549,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Manning & Napier Advisors LLC bought a new stake in shares of CNH Industrial during the 2nd quarter valued at about $556,000. Great Lakes Advisors LLC bought a new position in shares of CNH Industrial in the second quarter worth approximately $30,453,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of CNH Industrial in the second quarter worth approximately $3,361,000. Trinity Street Asset Management LLP raised its stake in CNH Industrial by 11.7% in the second quarter. Trinity Street Asset Management LLP now owns 2,673,464 shares of the company’s stock valued at $30,023,000 after purchasing an additional 279,127 shares in the last quarter. Finally, Everhart Financial Group Inc. purchased a new stake in CNH Industrial in the second quarter valued at approximately $118,000. 59.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CNH shares. DA Davidson reissued a “neutral” rating and issued a $12.00 price target on shares of CNH Industrial in a research note on Wednesday, August 19th. Citigroup raised their price objective on shares of CNH Industrial from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on shares of CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Truist Financial reissued a “buy” rating and issued a $15.00 target price (down from $16.00) on shares of CNH Industrial in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.58.

Get Our Latest Analysis on CNH

Key Stories Impacting CNH Industrial

Here are the key news stories impacting CNH Industrial this week:

CNH Industrial Trading Up 0.6%

CNH stock opened at $11.63 on Thursday. The company has a market capitalization of $14.39 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $13.31. The company’s 50 day moving average price is $10.73 and its two-hundred day moving average price is $10.94. The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23.

CNH Industrial (NYSE:CNHGet Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.77 billion. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%.CNH Industrial’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. As a group, analysts predict that CNH Industrial N.V. will post 0.45 earnings per share for the current fiscal year.

CNH Industrial Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNH Industrial N.V. (NYSE:CNHFree Report).

Institutional Ownership by Quarter for CNH Industrial (NYSE:CNH)

Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.