Vagn Sorensen Acquires 10,385 Shares of CNH Industrial (NYSE:CNH) Stock

CNH Industrial N.V. (NYSE:CNH) Director Vagn Sorensen purchased 10,385 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average cost of $9.62 per share, for a total transaction of $99,903.70. Following the transaction, the director owned 40,396 shares in the company, valued at $388,609.52. This represents a 34.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CNH Industrial Stock Performance

CNH traded down $0.03 on Thursday, hitting $10.31. The company’s stock had a trading volume of 8,586,347 shares, compared to its average volume of 16,371,561. The company’s 50 day simple moving average is $10.69 and its 200-day simple moving average is $12.01. The firm has a market cap of $12.89 billion, a P/E ratio of 15.78 and a beta of 1.52. 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 12 month low of $9.00 and a 12 month high of $14.27.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05). The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.22 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. Analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current year.

Analyst Upgrades and Downgrades

CNH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of CNH Industrial from $12.00 to $10.50 and set a “neutral” rating for the company in a report on Monday. Oppenheimer lowered their target price 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 dropped their target price on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Citigroup cut their price target on shares of CNH Industrial from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday. Finally, Raymond James Financial decreased their target price on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, CNH Industrial currently has a consensus rating of “Moderate Buy” and an average target price of $13.67.

Institutional Trading of CNH Industrial

Large investors have recently bought and sold shares of the business. Quent Capital LLC purchased a new position in CNH Industrial in the 3rd quarter worth approximately $27,000. Twin Tree Management LP grew its holdings in CNH Industrial by 1,068.0% in the 1st quarter. Twin Tree Management LP now owns 2,362 shares of the company’s stock valued at $29,000 after buying an additional 2,606 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of CNH Industrial by 132.7% during the 3rd quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock valued at $37,000 after acquiring an additional 1,924 shares during the last quarter. Brooklyn Investment Group increased its position in CNH Industrial by 218.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $42,000 after purchasing an additional 2,325 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in CNH Industrial by 77.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 4,036 shares of the company’s stock valued at $44,000 after purchasing an additional 1,763 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

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.