TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
In a recent transaction disclosed in an SEC filing, Elizabeth A. Bastoni, a director at CNH Industrial (BIT:CNHI) N.V. (NYSE:CNH), sold 99 common shares on May 13, 2025. The shares were sold at an average price of $13.335, amounting to a total transaction value of approximately $1,320. The transaction comes as CNH Industrial, with a market capitalization of $16.65 billion, has shown strong momentum with a 17.65% return year-to-date. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value.
The sale was part of a move to cover tax withholding obligations related to the vesting of restricted share units (RSUs). On May 12, 2025, Bastoni acquired 5,536 common shares following the vesting of RSUs, which convert into common shares on a one-for-one basis. After these transactions, she holds 5,437 shares directly.
This activity provides insight into the stock transactions of company insiders, which can be of interest to investors monitoring CNH Industrial’s market activities.
In other recent news, CNH Global has reported first-quarter results that exceeded expectations, prompting Citi to raise its price target for the company’s stock from $12.00 to $14.00 while maintaining a Buy rating. This adjustment reflects CNH Global’s stronger-than-anticipated performance and the impact of tariffs, with Citi predicting adjusted earnings per share of $0.63 for 2025. In another development, Northland upgraded CNH Global’s stock rating from Market Perform to Outperform, keeping a price target of $18.00, signaling confidence in the company’s market position and recovery post-Covid. Additionally, CNH Industrial announced a change in its executive team, with James Nickolas set to replace Oddone Incisa as Chief Financial Officer on May 6, 2025, as Incisa steps down after 28 years. Further strengthening its financial position, CNH Industrial has extended its €3.25 billion credit facility to 2030, enhancing its financial stability and operational flexibility. This move, facilitated by Citibank Europe Plc, ensures the company has a strong financial safety net for future investments. Meanwhile, DA Davidson downgraded Caterpillar Inc (NYSE:CAT).’s stock rating to Neutral due to concerns over heavy-equipment retail sales, though CNH and other sector players like Deere (NYSE:DE) & Company remain less affected by these trends. These developments collectively highlight CNH Global’s and CNH Industrial’s strategic maneuvers in navigating the current market landscape.
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