CNH Industrial (NYSE:CNH) Director Howard Buffett Purchases 6,000 Shares of Stock

CNH Industrial N.V. (NYSE:CNH) Director Howard Buffett bought 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average cost of $9.68 per share, for a total transaction of $58,080.00. Following the completion of the purchase, the director owned 29,303 shares of the company’s stock, valued at $283,653.04. This represents a 25.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CNH Industrial Stock Performance

NYSE CNH traded down $0.14 during trading on Friday, hitting $9.97. 5,956,773 shares of the company’s stock traded hands, compared to its average volume of 16,369,094. The business has a 50 day moving average of $10.66 and a 200-day moving average of $11.99. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 15.33 and a beta of 1.52. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. 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 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 10.79% and a net margin of 4.55%.The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. As a group, equities research analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of CNH Industrial

A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its position in CNH Industrial by 21.6% during the first quarter. Envestnet Asset Management Inc. now owns 904,008 shares of the company’s stock valued at $11,101,000 after purchasing an additional 160,754 shares during the period. Brown Advisory Inc. boosted its holdings in CNH Industrial by 15.3% in the first quarter. Brown Advisory Inc. now owns 15,501 shares of the company’s stock valued at $190,000 after purchasing an additional 2,061 shares during the period. M&T Bank Corp raised its stake in CNH Industrial by 36.1% in the first quarter. M&T Bank Corp now owns 37,985 shares of the company’s stock valued at $466,000 after buying an additional 10,072 shares in the last quarter. Cerity Partners LLC lifted its position in CNH Industrial by 41.7% in the first quarter. Cerity Partners LLC now owns 313,905 shares of the company’s stock valued at $3,855,000 after acquiring an additional 92,390 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in CNH Industrial by 8.8% during the 1st quarter. Ballentine Partners LLC now owns 33,337 shares of the company’s stock worth $409,000 after purchasing an additional 2,710 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CNH. Barclays reduced their price objective on CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Citigroup cut their target price on shares of CNH Industrial from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered their price target on CNH Industrial from $12.00 to $10.50 and set a “neutral” rating on the stock in a report on Monday. UBS Group cut their price target on CNH Industrial from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Cfra reaffirmed a “hold” rating and set a $11.00 price target on shares of CNH Industrial in a research report on Monday. 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 stock. According to MarketBeat.com, CNH Industrial presently has an average rating of “Moderate Buy” and an average price target of $13.67.

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.