Neo Ivy Capital Management Purchases New Position in CNH Industrial N.V. $CNH

Neo Ivy Capital Management acquired a new position in CNH Industrial N.V. (NYSE:CNH) in the second quarter, HoldingsChannel.com reports. The firm acquired 201,003 shares of the company’s stock, valued at approximately $2,605,000. CNH Industrial comprises about 0.8% of Neo Ivy Capital Management’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNH. Callan Family Office LLC raised its position in CNH Industrial by 324.7% in the 2nd quarter. Callan Family Office LLC now owns 88,528 shares of the company’s stock worth $1,147,000 after buying an additional 67,684 shares during the last quarter. Polianta Ltd bought a new stake in shares of CNH Industrial in the second quarter worth approximately $1,310,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of CNH Industrial by 13.6% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 759,291 shares of the company’s stock valued at $9,840,000 after purchasing an additional 90,999 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in CNH Industrial during the second quarter valued at approximately $7,981,000. Finally, Strs Ohio lifted its position in CNH Industrial by 41.8% during the second quarter. Strs Ohio now owns 193,543 shares of the company’s stock valued at $2,508,000 after purchasing an additional 57,080 shares during the period. 59.88% of the stock is owned by institutional investors.

Insider Activity at CNH Industrial

In other news, Director Suzanne Heywood acquired 52,522 shares of CNH Industrial stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $9.52 per share, with a total value of $500,009.44. Following 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Howard W. Buffett bought 6,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were acquired at an average price of $9.68 per share, with a total value of $58,080.00. Following the transaction, the director directly owned 29,303 shares of the company’s stock, valued at approximately $283,653.04. This trade represents a 25.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 73,007 shares of company stock worth $700,182. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CNH shares. Barclays lowered their price target on CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Raymond James Financial dropped their target price on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their price target on shares of CNH Industrial from $12.00 to $10.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CNH Industrial in a research report on Monday. Finally, UBS Group decreased their price objective on shares of CNH Industrial from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, CNH Industrial presently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

CNH Industrial Price Performance

Shares of CNH Industrial stock opened at $9.40 on Friday. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 14.47 and a beta of 1.52. 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 has a 50 day moving average price of $10.49 and a 200-day moving average price of $11.92. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $14.27.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Friday, November 7th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05). The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.22 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 EPS. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. Equities analysts expect 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.