Published on 25 Mar 2024 on Insider Monkey via Yahoo Finance

Will CNH Industrial N.V. (CNHI) Benefit from Precision Agriculture?

Ariel Investments, an investment management company, released its “Ariel Global Fund” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the Ariel Global fund returned +8.40% gross of fees (+8.18% net of fees), compared to the MSCI ACWI Index’s +11.03%, and the MSCI ACWI Value Index’s +9.17% gains. The fund appreciated +13.96% gross of fees (+13.06% net of fees) over the trailing year, underperforming the MSCI ACWI Index’s +22.20% return and ahead of the MSCI ACWI Value Index’s +11.81% return. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Ariel Global Fund featured stocks like CNH Industrial N.V. (NYSE:CNHI) in the fourth quarter 2023 investor letter. Headquartered in Basildon, the United Kingdom, CNH Industrial N.V. (NYSE:CNHI) is an equipment and services company that operates through the Agriculture, Construction, and Financial Services segments. On March 22, 2024, CNH Industrial N.V. (NYSE:CNHI) stock closed at $12.73 per share. One-month return of CNH Industrial N.V. (NYSE:CNHI) was 6.00%, and its shares lost 14.45% of their value over the last 52 weeks. CNH Industrial N.V. (NYSE:CNHI) has a market capitalization of $15.853 billion.

Ariel Global Fund stated the following regarding CNH Industrial N.V. (NYSE:CNHI) in its fourth quarter 2023 investor letter: