Lucid files for 1-for-10 reverse stock split requiring shareholder approval
In a recent transaction involving CNH Industrial (BIT:CNHI) N.V. (NYSE:CNH), a prominent player in the machinery industry with a market capitalization of $15.2 billion, Chief Legal and Compliance Officer Roberto Russo sold 11,156 common shares on March 4, 2025, at a price of $11.64 per share, amounting to a total of $129,855. The transaction price was slightly below the current trading price of $11.77. This sale was conducted to cover tax withholding obligations connected to the vesting of performance share units, as noted in the company’s filing.
Earlier, on February 28, 2025, Russo acquired 23,521 common shares at no cost. These shares were part of CNH Industrial’s 2022-2024 Long-Term Incentive Plan, which vested upon meeting certain performance criteria. Following these transactions, Russo holds 182,791.483 shares directly in the company.
In other recent news, CNH Global’s financial outlook and performance have been under scrutiny from several analysts and rating agencies. Baird downgraded CNH Global from Outperform to Neutral, citing concerns about the company’s near-term growth prospects and adjusting the price target to $15.00. Meanwhile, Citi raised its price target for CNH Global to $15.00, maintaining a Buy rating and noting the company’s effective inventory management and cost-reduction efforts. DA Davidson also increased its price target to $14, keeping a Neutral stance, acknowledging the company’s progress but expressing caution about the agriculture sector’s challenges.
S&P Global Ratings revised its outlook on CNH Industrial to negative from stable due to a larger-than-expected revenue contraction in the agricultural equipment sector. The company reported a 23% revenue decline in 2024 and anticipates further contraction in 2025, impacting profitability. Despite these challenges, CNH management remains committed to a conservative financial policy, aiming to preserve cash flow and maintain its credit rating.
CFRA raised CNH Industrial’s stock target to $13, with a Hold rating, while maintaining its earnings per share forecast for 2025. The company’s fourth-quarter revenue for 2024 showed a 28% year-over-year decline, primarily due to weaker demand in agriculture and construction equipment markets. CNH Industrial anticipates further decreases in net sales for these segments in 2025, but has achieved significant cost savings, contributing to structural cost reductions.
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