Lucid files for 1-for-10 reverse stock split requiring shareholder approval
In recent financial activity at CNH Industrial (BIT:CNHI) N.V. (NYSE:CNH), a prominent player in the machinery industry with a market capitalization of $15.2 billion, Chief Financial Officer Incisa Oddone executed a stock transaction involving the sale of 32,910 common shares. The transaction, which took place on March 4, 2025, was executed at a price of $11.64 per share, resulting in total proceeds of $383,072. According to InvestingPro analysis, the stock is currently trading above its Fair Value, following a 7.5% decline over the past week.
The sale was conducted to cover tax withholding obligations related to the vesting of performance share units (PSUs) under the company’s 2022-2024 Long-Term Incentive Plan. Following this transaction, Oddone holds 821,155.63 shares directly. InvestingPro data shows management’s continued commitment to shareholder value, with aggressive share buybacks and four consecutive years of dividend increases. Get access to 10+ additional exclusive ProTips and comprehensive analysis through the Pro Research Report.
Earlier, on February 28, 2025, Oddone acquired 69,404 common shares at no cost, as part of the PSU vesting upon meeting certain performance criteria. These transactions reflect ongoing adjustments in shareholdings related to executive compensation and tax obligations. The company maintains strong financial health with a current ratio of 5.11, indicating liquid assets well exceed short-term obligations.
In other recent news, CNH Global has been the focus of several analyst adjustments and financial outlook revisions. Baird downgraded CNH Global from Outperform to Neutral, lowering the price target to $15, citing cautious near-term growth prospects and potential dealer destocking impacts. Meanwhile, Citi raised its price target for CNH Global to $15, maintaining a Buy rating, despite lowering EPS estimates for 2025 and beyond due to reduced expectations for agriculture and construction equipment volumes. DA Davidson also increased its price target to $14, keeping a Neutral rating, and noted ongoing difficulties in the agriculture sector and high inventory levels.
S&P Global Ratings revised its outlook on CNH Industrial to negative from stable, following a larger-than-expected revenue contraction, with a 23% decline reported for 2024. The agency anticipates further contraction in 2025, affecting profitability, though margins are expected to recover above 11% from 2026. CFRA raised CNH Industrial’s stock target to $13, maintaining a Hold rating, as the company reported a 28% year-over-year decline in fourth-quarter revenue for 2024. Despite these challenges, CNH Industrial achieved $600 million in run rate savings by the end of 2024, contributing to structural cost reductions.
CNH Industrial has provided guidance for 2025, anticipating decreases in net sales for both the Agriculture and Construction segments. The company forecasts free cash flow between $200 million and $500 million and adjusted diluted EPS in the range of $0.65 to $0.75. Analysts remain cautious about CNH Industrial’s outlook, with CFRA’s Nazmi Ghazali expecting challenging market conditions to persist through at least the first half of 2025.
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