Get Premium to unlock powerful stock data

Mario Gabelli Comments on CNH Industrial

Guru stock highlight

Author's Avatar
Nov 04, 2021
Summary
  • The company manufactures equipment.
Article's Main Image

CNH Industrial NV (

CNHI, Financial) (3.3% ) (CNHI – $14.70 – NYSE), with headquarters in London, England, and Burr Ridge, Illinois, is a global capital equipment manufacturer that was demerged from parent Fiat in 2013. CNHI is unique in that it has leading positions in a variety of global machinery markets. It is best known for its agricultural equipment business, consisting of Case IH, New Holland Agriculture, and Steyr brands. The company’s other businesses include IVECO, a leading global truck and bus manufacturer, as well as Case and New Holland construction machinery. Finally, FPT Industrial provides engines and transmissions for the company’s captive businesses and also sells to other machinery manufacturers. The company’s new CEO, Scott Wise, is committed to CNHI’s financial engineering plan by which it will separate its Off Highway business from its Truck and Engine business via tax free spin. Additionally, the company announced in June it would be acquiring Raven Industries (RAVN) for $58 per share, adding to the company’s growing capabilities in precision agriculture technology.

From

Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund third-quarter 2021 commentary.

Also check out:

Disclosures

I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
The views of this author are solely their own opinion and are not endorsed or guaranteed by GuruFocus.com
Rating:
0 / 5 (0 votes)
Author's Avatar
WRITTEN BY

GuruFocus Screeners

Related Articles

Q&A with Gurus