Mitsubishi UFJ Asset Management Co. Ltd. Purchases 90,999 Shares of CNH Industrial N.V. $CNH

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in CNH Industrial N.V. (NYSE:CNH) by 13.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 759,291 shares of the company’s stock after purchasing an additional 90,999 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of CNH Industrial worth $9,840,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and set a $13.00 target price (down from $14.00) on shares of CNH Industrial in a research report on Monday. Cfra restated a “hold” rating and set a $11.00 price objective on shares of CNH Industrial in a report on Monday. Raymond James Financial lowered their price objective on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. DA Davidson dropped their target price on shares of CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Barclays decreased their price target on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.73.

CNH Industrial Trading Up 4.5%

Shares of CNH Industrial stock opened at $10.33 on Thursday. The stock has a market capitalization of $12.91 billion, a P/E ratio of 15.88 and a beta of 1.52. CNH Industrial N.V. has a 52-week low of $9.00 and a 52-week high of $14.27. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The stock’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $12.01.

CNH Industrial (NYSE:CNH) last issued its earnings results on Friday, November 7th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the business earned $0.24 EPS. CNH Industrial’s revenue for the quarter was down 5.5% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. As a group, research analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current year.

About CNH Industrial

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.