Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Position in CNH Industrial N.V. $CNH

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of CNH Industrial N.V. (NYSE:CNH) by 14.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,583 shares of the company’s stock after purchasing an additional 22,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CNH Industrial were worth $2,379,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Twin Tree Management LP boosted its holdings in shares of CNH Industrial by 1,068.0% during the first quarter. Twin Tree Management LP now owns 2,362 shares of the company’s stock worth $29,000 after purchasing an additional 2,606 shares during the period. Brooklyn Investment Group raised its stake in CNH Industrial by 218.3% in the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $42,000 after buying an additional 2,325 shares in the last quarter. Harbour Investments Inc. raised its stake in CNH Industrial by 697.1% in the first quarter. Harbour Investments Inc. now owns 4,376 shares of the company’s stock worth $54,000 after buying an additional 3,827 shares in the last quarter. Advantage Trust Co bought a new position in CNH Industrial in the second quarter worth about $54,000. Finally, SVB Wealth LLC bought a new position in CNH Industrial in the first quarter worth about $59,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNH has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, September 2nd. The Goldman Sachs Group downgraded shares of CNH Industrial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Oppenheimer decreased their price target on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. Barclays decreased their price target on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Finally, Truist Financial decreased their target price on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.65.

CNH Industrial Price Performance

Shares of NYSE CNH opened at $10.50 on Friday. CNH Industrial N.V. has a fifty-two week low of $9.87 and a fifty-two week high of $14.27. The company has a 50 day simple moving average of $10.94 and a two-hundred day simple moving average of $12.07. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 16.15 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 (NYSE:CNH) last announced its earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was down 14.2% on a year-over-year basis. Analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total transaction of $153,755.63. Following the completion of the sale, the insider owned 14,940 shares of the company’s stock, valued at $187,198.20. This trade represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

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.