Lucid files for 1-for-10 reverse stock split requiring shareholder approval
Marx Gerrit A., Chief Executive Officer of CNH Industrial (BIT:CNHI) N.V. (NYSE:CNH), recently sold 320,472 shares of the company’s common stock at a price of $11.64 per share, totaling approximately $3.7 million. This transaction, which took place on March 4, 2025, was part of a broader set of transactions disclosed in a recent SEC filing. The sale occurred as the stock trades near $11.77, with InvestingPro data showing the stock has declined over 7% in the past week.
Prior to the sale, on February 28, 2025, Marx Gerrit A. acquired 695,608 common shares through the vesting of Restricted Share Units (RSUs). These RSUs converted into common shares on a one-for-one basis, as noted in the filing. The acquisition of these shares did not involve any cash transaction, as the RSUs were granted as part of the executive’s compensation package.
Following the sale, Marx Gerrit A. holds 375,136 shares of CNH Industrial. The sale was executed to cover tax withholding obligations related to the vesting of the RSUs, as specified in the footnotes of the filing.
CNH Industrial, a global leader in the construction machinery and equipment sector with a market capitalization of $15.2 billion, continues to be closely watched by investors. The company maintains strong liquidity with a current ratio of 5.11 and trades at a P/E ratio of 12, while analysts have set price targets ranging from $11 to $21 per share. Executive stock transactions often provide insights into management’s perspectives on the company’s valuation and future prospects.
In other recent news, CNH Industrial reported a 23% decline in revenue for 2024, with S&P Global Ratings revising its outlook on the company to negative due to a sharper-than-expected downturn in the agricultural equipment sector. The company’s fourth-quarter revenue for 2024 was $4.88 billion, marking a 28% year-over-year decline, largely driven by reduced demand in both the Agriculture and Construction equipment markets. In response, CFRA increased its price target for CNH Industrial to $13, while maintaining a Hold rating, citing the company’s cost-saving measures and structural adjustments. Meanwhile, Citi raised CNH Global’s price target to $15, emphasizing effective inventory management and cost-reduction efforts despite lowered earnings projections for the coming years.
DA Davidson also adjusted its price target for CNH Global to $14, maintaining a Neutral stance, and noted ongoing challenges in the agriculture sector, along with potential improvements anticipated for 2026. Baird downgraded CNH Global from Outperform to Neutral, setting a price target of $15, reflecting cautiousness around the company’s near-term growth prospects. The firm highlighted the potential impact of dealer destocking on CNH Global’s performance and the importance of the upcoming earnings report from Titan Machinery (NASDAQ:TITN), CNH’s largest dealer. Despite the challenges, CNH management is committed to a conservative financial policy, aiming to preserve cash flow and maintain credit ratings. The developments indicate a mixed outlook for CNH, with analysts recognizing both immediate hurdles and future recovery potential.
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