Hsbc Holdings PLC Purchases 2,535,010 Shares of CNH Industrial N.V. $CNH

Hsbc Holdings PLC increased its position in shares of CNH Industrial N.V. (NYSE:CNH) by 2,015.7% in the first quarter, HoldingsChannel reports. The firm owned 2,660,771 shares of the company’s stock after purchasing an additional 2,535,010 shares during the period. Hsbc Holdings PLC’s holdings in CNH Industrial were worth $29,254,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in CNH Industrial by 5.1% during the third quarter. State Street Corp now owns 37,764,717 shares of the company’s stock worth $409,747,000 after buying an additional 1,834,076 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CNH Industrial by 45.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 26,824,753 shares of the company’s stock worth $247,338,000 after buying an additional 8,332,615 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of CNH Industrial by 17.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 26,070,783 shares of the company’s stock worth $282,868,000 after acquiring an additional 3,841,999 shares in the last quarter. Tweedy Browne Co LLC boosted its holdings in shares of CNH Industrial by 51.9% in the 4th quarter. Tweedy Browne Co LLC now owns 20,180,953 shares of the company’s stock worth $186,068,000 after acquiring an additional 6,899,583 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in CNH Industrial by 7.6% during the 2nd quarter. Alliancebernstein L.P. now owns 19,603,523 shares of the company’s stock worth $254,062,000 after acquiring an additional 1,382,861 shares during the last quarter. 59.88% of the stock is owned by institutional investors.

CNH Industrial Stock Performance

Shares of CNH Industrial stock opened at $10.38 on Wednesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 12.27 and a quick ratio of 10.17. The firm has a 50 day simple moving average of $10.54 and a 200 day simple moving average of $10.90. CNH Industrial N.V. has a fifty-two week low of $9.00 and a fifty-two week high of $13.48. The firm has a market cap of $12.86 billion, a P/E ratio of 33.47, a P/E/G ratio of 1.39 and a beta of 1.14.

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

Analyst Ratings Changes

A number of research firms recently weighed in on CNH. Sanford C. Bernstein initiated coverage on CNH Industrial in a report on Thursday, May 7th. They set a “market perform” rating and a $11.00 price target for the company. Weiss Ratings cut CNH Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 14th. Truist Financial set a $16.00 target price on CNH Industrial in a research note on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on CNH Industrial from $9.50 to $10.00 and gave the company an “underweight” rating in a report on Monday, July 13th. Finally, The Goldman Sachs Group downgraded shares of CNH Industrial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $12.00 to $10.50 in a research report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.77.

Insider Buying and Selling at CNH Industrial

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

CNH Industrial Profile

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.