OLD National Bancorp IN Has $18.97 Million Stock Position in CNH Industrial N.V. $CNH

OLD National Bancorp IN lifted its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 17.0% during the second quarter, Holdings Channel.com reports. The firm owned 1,463,973 shares of the company’s stock after acquiring an additional 212,618 shares during the quarter. OLD National Bancorp IN’s holdings in CNH Industrial were worth $18,973,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of CNH Industrial by 186.0% during the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock worth $1,113,847,000 after purchasing an additional 58,991,632 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of CNH Industrial by 1.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company’s stock worth $257,719,000 after purchasing an additional 395,005 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of CNH Industrial by 125.8% during the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock worth $223,750,000 after purchasing an additional 10,149,760 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of CNH Industrial by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company’s stock worth $181,481,000 after purchasing an additional 471,610 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of CNH Industrial by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,605,783 shares of the company’s stock worth $105,679,000 after purchasing an additional 36,343 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of CNH Industrial stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the sale, the insider directly owned 14,940 shares of the company’s stock, valued at approximately $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

CNH Industrial Trading Up 0.7%

CNH opened at $10.92 on Friday. CNH Industrial N.V. has a 1-year low of $10.00 and a 1-year high of $14.27. 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 company has a market cap of $13.65 billion, a P/E ratio of 16.79 and a beta of 1.51. The company has a fifty day moving average price of $11.71 and a two-hundred day moving average price of $12.26.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The business’s revenue was down 14.2% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CNH has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of CNH Industrial in a report on Saturday, September 27th. JPMorgan Chase & Co. dropped their target price on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, September 2nd. The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $12.50 to $11.50 in a report on Wednesday, July 16th. Finally, Oppenheimer dropped their target price on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, CNH Industrial presently has an average rating of “Moderate Buy” and a consensus target price of $14.95.

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.