State of Alaska Department of Revenue Reduces Holdings in CNH Industrial N.V. $CNH

State of Alaska Department of Revenue trimmed its stake in CNH Industrial N.V. (NYSE:CNH) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,170 shares of the company’s stock after selling 4,290 shares during the period. State of Alaska Department of Revenue’s holdings in CNH Industrial were worth $1,272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CNH. Wealth Enhancement Advisory Services LLC purchased a new position in CNH Industrial during the 4th quarter valued at about $1,233,000. GAMMA Investing LLC raised its holdings in 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 buying an additional 86,039 shares during the last quarter. Merit Financial Group LLC raised its holdings in 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 buying an additional 4,090 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in CNH Industrial by 359.2% in the first quarter. Gateway Investment Advisers LLC now owns 124,035 shares of the company’s stock worth $1,523,000 after buying an additional 97,026 shares during the last quarter. Finally, TB Alternative Assets Ltd. purchased a new position in CNH Industrial in the first quarter worth about $1,275,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CNH Industrial

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

CNH Industrial Stock Performance

Shares of NYSE CNH opened at $10.92 on Friday. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 16.79 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. The firm has a 50 day moving average of $11.71 and a 200 day moving average of $12.26. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share 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 company’s revenue was down 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, research analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CNH has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNH Industrial in a report on Saturday, September 27th. JPMorgan Chase & Co. decreased their target price on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. Oppenheimer decreased their target price on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Finally, 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 note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.