Walleye Capital LLC Invests $7.96 Million in CNH Industrial N.V. $CNH

Walleye Capital LLC purchased a new stake in CNH Industrial N.V. (NYSE:CNH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 614,095 shares of the company’s stock, valued at approximately $7,959,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in CNH Industrial by 186.0% during the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock valued at $1,113,847,000 after acquiring an additional 58,991,632 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of CNH Industrial by 125.8% in the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock worth $223,750,000 after acquiring an additional 10,149,760 shares during the period. Norges Bank purchased a new position in shares of CNH Industrial in the second quarter valued at $61,198,000. Nuveen LLC bought a new stake in shares of CNH Industrial during the 1st quarter valued at $29,143,000. Finally, Invesco Ltd. lifted its holdings in CNH Industrial by 89.1% during the 1st quarter. Invesco Ltd. now owns 4,907,506 shares of the company’s stock worth $60,264,000 after purchasing an additional 2,311,887 shares in the last quarter. 59.88% of the stock is owned by institutional investors.

CNH Industrial Price Performance

Shares of CNH Industrial stock opened at $9.44 on Friday. The firm has a market capitalization of $11.77 billion, a PE ratio of 20.09 and a beta of 1.32. The company has a current ratio of 13.01, a quick ratio of 10.82 and a debt-to-equity ratio of 3.49. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $14.27. The business’s 50-day moving average price is $10.17 and its 200-day moving average price is $11.65.

CNH Industrial (NYSE:CNH) last issued its earnings results 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 firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.22 billion. CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. Sell-side analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insider Activity

In related news, Director Howard W. Buffett acquired 6,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price of $9.68 per share, for a total transaction of $58,080.00. Following the completion of the acquisition, the director owned 29,303 shares in the company, valued at approximately $283,653.04. This represents a 25.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Suzanne Heywood purchased 52,522 shares of CNH Industrial stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $9.52 per share, for a total transaction of $500,009.44. Following the completion of the transaction, the director owned 619,427 shares in the company, valued at $5,896,945.04. The trade was a 9.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 73,007 shares of company stock valued at $700,182. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CNH has been the topic of several recent analyst reports. Truist Financial reiterated a “buy” rating and issued a $13.00 target price (down from $14.00) on shares of CNH Industrial in a research note on Monday, November 10th. JPMorgan Chase & Co. downgraded CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a research report on Friday, November 28th. Citigroup reduced their target price on CNH Industrial from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 10th. UBS Group decreased their target price on CNH Industrial from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, Barclays dropped their price target on CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.41.

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.