Cyndeo Wealth Partners LLC Increases Position in CNH Industrial N.V. $CNH

Cyndeo Wealth Partners LLC grew its holdings in CNH Industrial N.V. (NYSE:CNH) by 6.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 634,795 shares of the company’s stock after buying an additional 39,518 shares during the period. Cyndeo Wealth Partners LLC owned 0.05% of CNH Industrial worth $8,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of CNH Industrial by 186.0% in the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock valued at $1,113,847,000 after buying an additional 58,991,632 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in CNH Industrial by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company’s stock valued at $257,719,000 after purchasing an additional 395,005 shares during the period. Alliancebernstein L.P. lifted its position in 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 purchasing an additional 10,149,760 shares during the period. Dimensional Fund Advisors LP boosted its holdings in CNH Industrial by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company’s stock valued at $181,481,000 after purchasing an additional 471,610 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CNH Industrial by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,605,783 shares of the company’s stock valued at $105,679,000 after purchasing an additional 36,343 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CNH shares. Truist Financial lowered their price objective on CNH Industrial from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group lowered CNH Industrial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.50 to $11.50 in a report on Wednesday, July 16th. Oppenheimer lowered their price objective on CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNH Industrial in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, CNH Industrial currently has a consensus rating of “Moderate Buy” and an average target price of $14.77.

Insider Activity at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

CNH Industrial Trading Down 1.7%

Shares of CNH opened at $10.50 on Friday. 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 firm’s 50-day moving average is $11.54 and its two-hundred day moving average is $12.20. CNH Industrial N.V. has a twelve month low of $10.00 and a twelve month high of $14.27. The firm has a market capitalization of $13.13 billion, a P/E ratio of 16.15 and a beta of 1.51.

CNH Industrial (NYSE:CNH) last issued its earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $4.71 billion for 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 firm’s revenue for the quarter was down 14.2% compared to the same quarter last year. 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 predict that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

CNH Industrial Company Profile

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.