CNH Industrial N.V. $CNH Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its position in shares of CNH Industrial N.V. (NYSE:CNH) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,383 shares of the company’s stock after acquiring an additional 5,861 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in CNH Industrial were worth $3,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased 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 purchasing an additional 58,991,632 shares in the last quarter. Alliancebernstein L.P. grew its holdings in CNH Industrial by 125.8% in the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock valued at $223,750,000 after purchasing an additional 10,149,760 shares during the last quarter. Nuveen LLC purchased a new position in shares of CNH Industrial in the first quarter valued at $29,143,000. Invesco Ltd. increased its position in shares of CNH Industrial by 89.1% in the first quarter. Invesco Ltd. now owns 4,907,506 shares of the company’s stock valued at $60,264,000 after buying an additional 2,311,887 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of CNH Industrial by 443.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,663,248 shares of the company’s stock worth $21,556,000 after buying an additional 1,357,271 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Trading Up 3.3%

Shares of CNH opened at $9.71 on Friday. CNH Industrial N.V. has a fifty-two week low of $9.00 and a fifty-two week high of $14.27. The company has a market capitalization of $12.10 billion, a PE ratio of 14.94 and a beta of 1.52. The stock has a fifty day moving average of $10.47 and a two-hundred day moving average of $11.89. 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 (NYSE:CNH) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.CNH Industrial’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. As a group, analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James Financial lowered their price objective on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Oppenheimer lowered their price target on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. Citigroup dropped their price objective on shares of CNH Industrial from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 10th. JPMorgan Chase & Co. reduced their target price on CNH Industrial from $12.00 to $10.50 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Cfra reiterated a “hold” rating and set a $11.00 target price on shares of CNH Industrial in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.67.

Insider Buying and Selling at CNH Industrial

In related news, Director Vagn O. Sorensen bought 10,385 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average cost of $9.62 per share, with a total value of $99,903.70. Following the completion of the transaction, the director owned 40,396 shares of the company’s stock, valued at approximately $388,609.52. The trade was a 34.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Howard W. Buffett bought 4,100 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average price of $10.29 per share, with a total value of $42,189.00. Following the completion of the acquisition, the director owned 33,403 shares of the company’s stock, valued at $343,716.87. This trade represents a 13.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 73,007 shares of company stock worth $700,182 in the last 90 days. 1.00% of the stock is owned by company insiders.

About CNH Industrial

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.