Belpointe Asset Management LLC Has $173,000 Stock Position in CNH Industrial N.V. $CNH

Belpointe Asset Management LLC grew its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,058 shares of the company’s stock after acquiring an additional 1,251 shares during the period. Belpointe Asset Management LLC’s holdings in CNH Industrial were worth $173,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of CNH Industrial by 186.0% during the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock worth $1,113,847,000 after purchasing an additional 58,991,632 shares during the period. Alliancebernstein L.P. grew its stake in shares of CNH Industrial by 125.8% in the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock valued at $223,750,000 after acquiring an additional 10,149,760 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in CNH Industrial during the fourth quarter worth about $97,092,000. Nuveen Asset Management LLC bought a new stake in CNH Industrial in the 4th quarter valued at about $41,992,000. Finally, Royal Bank of Canada acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $39,306,000. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Performance

NYSE CNH opened at $10.93 on Wednesday. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 16.82 and a beta of 1.51. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. CNH Industrial N.V. has a twelve month low of $10.00 and a twelve month high of $14.27. The stock has a fifty day simple moving average of $12.32 and a 200 day simple moving average of $12.42.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The business’s revenue was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Sell-side analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on CNH. Oppenheimer raised their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. Citigroup boosted their price target on CNH Industrial from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. dropped their price objective on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, CNH Industrial has an average rating of “Moderate Buy” and a consensus price target of $15.13.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.