OLD National Bancorp IN Boosts Holdings in CNH Industrial N.V. $CNH

OLD National Bancorp IN raised its position in CNH Industrial N.V. (NYSE:CNH) by 45.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,049,169 shares of the company’s stock after buying an additional 643,501 shares during the quarter. OLD National Bancorp IN’s holdings in CNH Industrial were worth $22,541,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System purchased a new stake in shares of CNH Industrial in the first quarter valued at about $2,823,000. First American Bank raised its holdings in CNH Industrial by 1.3% during the first quarter. First American Bank now owns 170,259 shares of the company’s stock worth $1,873,000 after purchasing an additional 2,193 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in CNH Industrial by 22.0% during the first quarter. Kestra Private Wealth Services LLC now owns 14,439 shares of the company’s stock worth $159,000 after purchasing an additional 2,601 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in CNH Industrial by 8.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 28,166 shares of the company’s stock valued at $310,000 after purchasing an additional 2,229 shares during the period. Finally, Evolve Private Wealth LLC lifted its position in CNH Industrial by 8.2% in the first quarter. Evolve Private Wealth LLC now owns 20,532 shares of the company’s stock valued at $226,000 after purchasing an additional 1,554 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Up 5.8%

CNH stock opened at $10.91 on Friday. The company has a market cap of $13.53 billion, a P/E ratio of 35.20, a P/E/G ratio of 1.41 and a beta of 1.16. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.27. The company’s 50-day moving average price is $10.51 and its 200 day moving average price is $10.76. The company has a current ratio of 12.27, a quick ratio of 10.17 and a debt-to-equity ratio of 3.32.

CNH Industrial (NYSE:CNH) last issued its earnings results on Thursday, April 30th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. CNH Industrial had a net margin of 2.13% and a return on equity of 7.48%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. CNH Industrial has set its FY 2026 guidance at 0.35-0.45 EPS. On average, research analysts expect that CNH Industrial N.V. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CNH shares. Evercore set a $12.25 target price on CNH Industrial in a research report on Monday, May 11th. DA Davidson reissued a “neutral” rating and issued a $12.00 price target on shares of CNH Industrial in a report on Monday, May 4th. Truist Financial set a $16.00 price target on CNH Industrial in a research note on Friday, May 1st. Sanford C. Bernstein assumed coverage on CNH Industrial in a report on Thursday, May 7th. They set a “market perform” rating and a $11.00 price objective on the stock. Finally, Barclays increased their price objective on CNH Industrial from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.77.

Insider Activity at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $10.13, for a total value of $490,140.05. Following the sale, the insider owned 71,926 shares in the company, valued at $728,610.38. This represents a 40.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.18% of the stock is owned by company insiders.

About CNH Industrial

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.