Norges Bank Invests $61.20 Million in CNH Industrial N.V. $CNH

Norges Bank acquired a new stake in shares of CNH Industrial N.V. (NYSE:CNH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,722,064 shares of the company’s stock, valued at approximately $61,198,000. Norges Bank owned approximately 0.38% of CNH Industrial at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Twin Tree Management LP lifted its position in shares of CNH Industrial by 1,068.0% during the first 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 during the last quarter. Brooklyn Investment Group grew its position in shares of CNH Industrial by 218.3% in 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. raised its stake in shares of CNH Industrial by 697.1% during the 1st quarter. Harbour Investments Inc. now owns 4,376 shares of the company’s stock worth $54,000 after acquiring an additional 3,827 shares in the last quarter. Advantage Trust Co purchased a new stake in CNH Industrial during the second quarter valued at approximately $54,000. Finally, SVB Wealth LLC acquired a new stake in CNH Industrial in the first quarter valued at approximately $59,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CNH shares. Barclays reduced their price target on CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. DA Davidson reduced their target price on CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. JPMorgan Chase & Co. cut CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price target for the company. in a research note on Friday, November 28th. Truist Financial restated a “buy” rating and set a $13.00 price target (down previously from $14.00) on shares of CNH Industrial in a research note on Monday, November 10th. Finally, Raymond James Financial decreased their price objective on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CNH Industrial currently has an average rating of “Moderate Buy” and a consensus price target of $13.41.

Insiders Place Their Bets

In other CNH Industrial news, Director Vagn O. Sorensen bought 10,385 shares of CNH Industrial stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of $9.62 per share, with a total value of $99,903.70. Following the completion of the acquisition, the director directly owned 40,396 shares in the company, valued at approximately $388,609.52. This trade represents a 34.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Suzanne Heywood bought 52,522 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $9.52 per share, with a total value of $500,009.44. Following the completion of the transaction, the director directly owned 619,427 shares of the company’s stock, valued at $5,896,945.04. This trade represents a 9.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 73,007 shares of company stock valued at $700,182. 1.00% of the stock is owned by insiders.

CNH Industrial Stock Down 0.3%

CNH Industrial stock opened at $9.44 on Friday. The business’s 50-day simple moving average is $10.17 and its two-hundred day simple moving average is $11.65. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01. The company has a market cap of $11.77 billion, a PE ratio of 20.09 and a beta of 1.32. CNH Industrial N.V. has a fifty-two week low of $9.00 and a fifty-two week high of $14.27.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings data 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 company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. Equities analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current year.

CNH Industrial 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.