CNH Industrial N.V. $CNH Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in CNH Industrial N.V. (NYSE:CNH) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,532 shares of the company’s stock after acquiring an additional 15,657 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CNH Industrial were worth $1,760,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CNH. Two Sigma Investments LP acquired a new stake in shares of CNH Industrial in the fourth quarter worth approximately $1,313,000. First Hawaiian Bank boosted its position in shares of CNH Industrial by 43.3% in the first quarter. First Hawaiian Bank now owns 39,990 shares of the company’s stock worth $491,000 after acquiring an additional 12,093 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of CNH Industrial by 6,519.5% in the first quarter. Versant Capital Management Inc now owns 13,570 shares of the company’s stock worth $167,000 after acquiring an additional 13,365 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of CNH Industrial by 3,205.6% in the first quarter. GAMMA Investing LLC now owns 88,723 shares of the company’s stock worth $1,090,000 after acquiring an additional 86,039 shares during the last quarter. Finally, Merit Financial Group LLC boosted its position in shares of CNH Industrial by 21.4% in the first quarter. Merit Financial Group LLC now owns 23,232 shares of the company’s stock worth $285,000 after acquiring an additional 4,090 shares during the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

CNH Industrial Stock Up 0.4%

Shares of NYSE:CNH opened at $10.92 on Tuesday. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. The company has a fifty day simple moving average of $11.90 and a 200 day simple moving average of $12.31. The firm has a market cap of $13.66 billion, a PE ratio of 16.80 and a beta of 1.51. CNH Industrial N.V. has a 12-month low of $10.00 and a 12-month high of $14.27.

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

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total transaction of $153,755.63. Following the completion of the sale, the insider owned 14,940 shares in the company, valued at $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CNH. The Goldman Sachs Group cut shares of CNH Industrial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. Finally, Oppenheimer reduced their price target on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.95.

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.