Nordea Investment Management AB Has $1.78 Million Stock Position in CNH Industrial N.V. $CNH

Nordea Investment Management AB grew its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 8.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 136,598 shares of the company’s stock after acquiring an additional 10,831 shares during the period. Nordea Investment Management AB’s holdings in CNH Industrial were worth $1,782,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CNH. Twin Tree Management LP grew its position in CNH Industrial by 1,068.0% during the 1st quarter. Twin Tree Management LP now owns 2,362 shares of the company’s stock worth $29,000 after acquiring an additional 2,606 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of CNH Industrial by 218.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock valued at $42,000 after purchasing an additional 2,325 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of CNH Industrial by 697.1% during the first quarter. Harbour Investments Inc. now owns 4,376 shares of the company’s stock worth $54,000 after purchasing an additional 3,827 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of CNH Industrial in the first quarter valued at approximately $59,000. Finally, IFP Advisors Inc raised its holdings in CNH Industrial by 425.4% in the 2nd quarter. IFP Advisors Inc now owns 6,484 shares of the company’s stock valued at $84,000 after buying an additional 5,250 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

CNH Industrial Stock Performance

Shares of CNH Industrial stock opened at $10.61 on Thursday. The business has a 50-day moving average price of $11.16 and a two-hundred day moving average price of $12.09. CNH Industrial N.V. has a 1-year low of $9.87 and a 1-year high of $14.27. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. The company has a market cap of $13.26 billion, a P/E ratio of 16.32 and a beta of 1.51.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the previous year, the business earned $0.38 EPS. The firm’s revenue was down 14.2% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current year.

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.