Trexquant Investment 13F: Cuts CNH Industrial (CNH) Stake by $4M

Trexquant Investment Adjusts CNH Holdings

Trexquant Investment reduced its position in CNH Industrial N.V. (NYSE: CNH) during the period ended May 15, 2026, according to a Form 13F filing with the Securities and Exchange Commission. As a quantitative fund that typically manages a large, automated portfolio of equities, Trexquant frequently rebalances its holdings based on statistical models. This filing reflects portfolio positions as of that specific date and might not represent the fund's exact current holdings.

Details of the Reduction in CNH Shares

The fund cut its stake by 355,333 shares during the quarter, resulting in a 15.2% decrease from its prior holding of 2,334,828 shares. Trexquant finished the period with 1,979,495 shares of the heavy equipment maker. Based on the reported cost basis of $11.47 per share, the remaining stake was valued at approximately $22.2 million.

CNH Stock and Market Context

CNH shares recently trade around $11.23, giving the agricultural and construction machinery manufacturer a market capitalization of roughly $21.68 billion. The stock moves within a 52-week range bounded by a low of $9.00 and a high of $14.46. Institutional investors monitor these shifts as the company navigates broader cyclical demand across its global farming and construction markets.

Recent Earnings Performance

For its recent financial reporting period, CNH posted earnings per share of $0.25 on total revenue of $18.19 billion. The company generated a net margin of 1.71% alongside a return on equity of 3.91%. CNH operates across three main segments covering agricultural machinery, construction equipment, and financial services for dealers and end-use customers. The company is scheduled to report its next round of earnings on November 9, 2026.

Dividend Payments

CNH pays an annual dividend rate of $0.10 per share, giving the stock a dividend yield of 0.74%. This payout is supported by a dividend payout ratio of 0.40, reflecting the portion of earnings returned to shareholders through regular dividends while retaining capital for equipment development and operations.

Wall Street Analyst Updates

Several research firms have updated their outlooks on CNH shares through recent months. On October 8, 2026, JP Morgan maintained an underweight rating and set an $11.00 price target. Earlier on October 5, 2026, Truist Securities kept a buy rating and raised its target to $17.00 from $15.00. Evercore ISI Group upgraded the stock to outperform on September 3, 2026, with an $18.00 target. DA Davidson maintained a neutral rating at $12.00 on August 20, 2026. Across the broader analyst community, the stock carries a consensus buy rating and a mean price target of $13.82.

Company Background and Outlook

Founded in 1842 and headquartered in Basildon, United Kingdom, CNH designs and builds agricultural and construction machinery under well-known names like Case IH, New Holland, and STEYR. The firm also provides customer financing solutions to support equipment purchases worldwide. Investors tracking institutional moves will wait for subsequent 13F filings to see how major funds adjust their positions in the heavy machinery sector.