Parvin Asset Management LLC Invests $549,000 in CNH Industrial N.V. $CNH

Parvin Asset Management LLC bought a new position in CNH Industrial N.V. (NYSE:CNHFree Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,925 shares of the company’s stock, valued at approximately $549,000.

A number of other institutional investors have also recently made changes to their positions in CNH. National Pension Service bought a new position in CNH Industrial in the 4th quarter worth $2,620,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in CNH Industrial by 21.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 915,808 shares of the company’s stock worth $8,563,000 after buying an additional 158,729 shares in the last quarter. Sei Investments Co. increased its position in CNH Industrial by 61.3% in the first quarter. Sei Investments Co. now owns 4,666,201 shares of the company’s stock worth $51,330,000 after buying an additional 1,774,178 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of CNH Industrial by 5.3% in the fourth quarter. BNP Paribas Financial Markets now owns 7,108,081 shares of the company’s stock worth $65,537,000 after buying an additional 360,898 shares during the period. Finally, Gabelli Funds LLC raised its stake in shares of CNH Industrial by 1.4% in the fourth quarter. Gabelli Funds LLC now owns 7,064,650 shares of the company’s stock worth $65,136,000 after buying an additional 97,505 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial News Roundup

Here are the key news stories impacting CNH Industrial this week:

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, August 4th. The Goldman Sachs Group cut shares of CNH Industrial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $10.50 in a research note on Monday, May 11th. Citigroup upped their price target on shares of CNH Industrial from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. increased their price objective on shares of CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, July 13th. Finally, Evercore set a $12.25 target price on shares of CNH Industrial in a research note on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, CNH Industrial presently has an average rating of “Hold” and an average price target of $12.58.

Read Our Latest Report on CNH Industrial

CNH Industrial Stock Up 0.6%

Shares of CNH opened at $11.63 on Thursday. The business’s 50 day moving average is $10.73 and its 200 day moving average is $10.94. The company has a current ratio of 12.23, a quick ratio of 10.16 and a debt-to-equity ratio of 3.33. CNH Industrial N.V. has a 12-month low of $9.00 and a 12-month high of $13.31. The company has a market capitalization of $14.39 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15.

CNH Industrial (NYSE:CNHGet Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.77 billion. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 EPS. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. Research analysts expect that CNH Industrial N.V. will post 0.45 earnings per share for the current fiscal year.

About CNH Industrial

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CNH Industrial (NYSE:CNH)

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