Jun 01, 2023

CNH Industrial (NYSE:CNHI) Stock Holdings Increased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its stake in shares of CNH Industrial (NYSE:CNHI - Get Rating) by 149.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,154,431 shares of the company's stock after purchasing an additional 1,289,424 shares during the period. CNH Industrial comprises approximately 0.5% of ExodusPoint Capital Management LP's holdings, making the stock its 21st largest position. ExodusPoint Capital Management LP owned approximately 0.16% of CNH Industrial worth $34,600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNHI. Captrust Financial Advisors raised its stake in shares of CNH Industrial by 437.9% during the 2nd quarter. Captrust Financial Advisors now owns 3,292 shares of the company's stock worth $38,000 after purchasing an additional 2,680 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in CNH Industrial during the fourth quarter valued at approximately $46,000. Bessemer Group Inc. acquired a new stake in CNH Industrial in the third quarter valued at approximately $49,000. National Bank of Canada FI grew its position in CNH Industrial by 19.2% in the fourth quarter. National Bank of Canada FI now owns 6,102 shares of the company's stock worth $99,000 after acquiring an additional 984 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of CNH Industrial by 20.2% during the 4th quarter. Quadrant Capital Group LLC now owns 6,590 shares of the company's stock worth $106,000 after purchasing an additional 1,107 shares during the last quarter. 38.37% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of CNH Industrial from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, April 20th. Oppenheimer lowered their price objective on CNH Industrial from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Friday, February 3rd. lowered CNH Industrial from a "buy" rating to a "hold" rating in a report on Thursday, May 25th. Finally, Robert W. Baird increased their price target on CNH Industrial from $17.00 to $21.00 in a report on Thursday, February 2nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from, CNH Industrial presently has an average rating of "Moderate Buy" and an average target price of $19.43.

CNH Industrial stock traded up $0.36 during mid-day trading on Friday, reaching $13.50. The company had a trading volume of 3,594,676 shares, compared to its average volume of 4,845,630. The company has a quick ratio of 5.84, a current ratio of 7.28 and a debt-to-equity ratio of 3.18. The firm has a market cap of $18.09 billion, a price-to-earnings ratio of 8.26 and a beta of 1.64. The company has a 50 day moving average of $14.14 and a 200-day moving average of $15.48. CNH Industrial has a 52 week low of $10.60 and a 52 week high of $17.98.

CNH Industrial (NYSE:CNHI - Get Rating) last released its earnings results on Friday, May 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. CNH Industrial had a net margin of 8.98% and a return on equity of 30.95%. The business had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.39 billion. During the same quarter last year, the company earned $0.28 earnings per share. The firm's revenue was up 15.0% on a year-over-year basis. On average, sell-side analysts expect that CNH Industrial will post 1.76 EPS for the current fiscal year.

The company also recently disclosed an annual dividend, which was paid on Saturday, April 22nd. Stockholders of record on Tuesday, April 25th were given a dividend of $0.3861 per share. The ex-dividend date was Monday, April 24th. This is a boost from CNH Industrial's previous annual dividend of $0.31. This represents a dividend yield of 1.8%.

CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.

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