Magnetar Financial LLC Makes New Investment in CNH Industrial N.V. $CNH

Magnetar Financial LLC bought a new stake in CNH Industrial N.V. (NYSE:CNH) in the second quarter, HoldingsChannel.com reports. The fund bought 15,110 shares of the company’s stock, valued at approximately $196,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Twin Tree Management LP lifted its holdings in shares of CNH Industrial by 1,068.0% in the 1st 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 last quarter. Brooklyn Investment Group grew its stake in CNH Industrial by 218.3% during the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $42,000 after buying an additional 2,325 shares during the last quarter. Harbour Investments Inc. increased its position 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 during the period. Advantage Trust Co bought a new stake in CNH Industrial in the second quarter valued at $54,000. Finally, SVB Wealth LLC bought a new stake in CNH Industrial in the first quarter valued at $59,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cfra restated a “hold” rating and set a $11.00 price target on shares of CNH Industrial in a research report on Monday, November 10th. Oppenheimer decreased 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 report on Thursday, September 18th. Citigroup dropped their price target on shares of CNH Industrial from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Barclays reduced their price objective 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. Finally, UBS Group lowered their target price on CNH Industrial from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

CNH Industrial Trading Down 3.1%

Shares of NYSE:CNH opened at $9.42 on Thursday. The company has a 50 day moving average of $10.39 and a 200-day moving average of $11.83. 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 firm has a market cap of $11.73 billion, a P/E ratio of 14.48 and a beta of 1.52. CNH Industrial N.V. has a twelve month low of $9.00 and a twelve month high of $14.27.

CNH Industrial (NYSE:CNH) last announced its earnings results on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.22 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.CNH Industrial’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. As a group, analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Insider Transactions at CNH Industrial

In other news, Director Howard W. Buffett bought 4,100 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $10.29 per share, with a total value of $42,189.00. Following the completion of the acquisition, the director directly owned 33,403 shares in the company, valued at approximately $343,716.87. The trade was a 13.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Suzanne Heywood purchased 52,522 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of $9.52 per share, with a total value of $500,009.44. Following the completion of the acquisition, the director directly owned 619,427 shares in the company, valued at $5,896,945.04. The trade was a 9.26% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 73,007 shares of company stock valued at $700,182. Corporate insiders own 1.00% of the company’s stock.

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.