Mackenzie Financial Corp Acquires 1,381,272 Shares of CNH Industrial N.V. $CNH

Mackenzie Financial Corp lifted its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 597.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,612,542 shares of the company’s stock after buying an additional 1,381,272 shares during the quarter. Mackenzie Financial Corp’s holdings in CNH Industrial were worth $20,899,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Norges Bank bought a new position in CNH Industrial in the second quarter valued at approximately $61,198,000. Quadrature Capital Ltd lifted its stake in shares of CNH Industrial by 341.6% in the 2nd quarter. Quadrature Capital Ltd now owns 89,247 shares of the company’s stock valued at $1,160,000 after purchasing an additional 69,036 shares during the period. Hsbc Holdings PLC boosted its position in shares of CNH Industrial by 7.9% in the 2nd quarter. Hsbc Holdings PLC now owns 135,241 shares of the company’s stock worth $1,756,000 after purchasing an additional 9,865 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of CNH Industrial by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 713,188 shares of the company’s stock worth $9,243,000 after purchasing an additional 4,000 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in CNH Industrial by 708.9% in the second quarter. Quadrant Capital Group LLC now owns 45,216 shares of the company’s stock valued at $586,000 after purchasing an additional 39,626 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CNH shares. JPMorgan Chase & Co. cut CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 target price on the stock. in a report on Friday. Oppenheimer decreased their price objective on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CNH Industrial in a research note on Monday, November 24th. DA Davidson reduced their price target on shares of CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Finally, Citigroup decreased their price target on shares of CNH Industrial from $16.00 to $13.00 and set a “buy” rating for the company 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, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.41.

Insider Activity

In other news, Director Suzanne Heywood bought 52,522 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $9.52 per share, with a total value of $500,009.44. Following the transaction, the director owned 619,427 shares in the company, valued at $5,896,945.04. This represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen bought 10,385 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was purchased at an average price of $9.62 per share, for a total transaction of $99,903.70. Following the purchase, the director directly owned 40,396 shares in the company, valued at approximately $388,609.52. This represents a 34.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 73,007 shares of company stock worth $700,182 over the last three months. Corporate insiders own 1.00% of the company’s stock.

CNH Industrial Stock Down 1.2%

CNH Industrial stock opened at $9.32 on Tuesday. The company has a 50 day moving average of $10.29 and a 200-day moving average of $11.74. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. CNH Industrial N.V. has a twelve month low of $9.00 and a twelve month high of $14.27. The stock has a market capitalization of $11.61 billion, a PE ratio of 14.33 and a beta of 1.52.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The company 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%.The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. On average, equities research analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

CNH Industrial Company 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.