Axxcess Wealth Management LLC Takes Position in CNH Industrial N.V. $CNH

Axxcess Wealth Management LLC bought a new stake in CNH Industrial N.V. (NYSE:CNH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,684 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings 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 valued at $1,113,847,000 after acquiring an additional 58,991,632 shares in the last quarter. Alliancebernstein L.P. grew its position in CNH Industrial by 125.8% in the 1st 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. Nuveen LLC bought a new stake in CNH Industrial during the 1st quarter valued at $29,143,000. Invesco Ltd. raised its holdings in CNH Industrial by 89.1% during the first quarter. Invesco Ltd. now owns 4,907,506 shares of the company’s stock worth $60,264,000 after buying an additional 2,311,887 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in CNH Industrial by 443.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,663,248 shares of the company’s stock worth $21,556,000 after buying an additional 1,357,271 shares during the last quarter. Institutional investors own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of CNH Industrial in a report on Wednesday, October 8th. The Goldman Sachs Group downgraded CNH Industrial from a “buy” rating to a “neutral” rating and cut their price target for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. Truist Financial lowered their price objective on CNH Industrial from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, September 2nd. Finally, Oppenheimer cut their target price on 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 investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.77.

CNH Industrial Price Performance

CNH Industrial stock opened at $10.45 on Monday. CNH Industrial N.V. has a 52 week low of $9.87 and a 52 week high of $14.27. The company’s 50 day moving average price is $11.28 and its two-hundred day moving average price is $12.11. The stock has a market cap of $13.07 billion, a P/E ratio of 16.08 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 (NYSE:CNH) last issued 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 company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.CNH Industrial’s revenue was down 14.2% on a year-over-year basis. During the same period last 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, equities analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Insider Activity

In other news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of CNH Industrial stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total transaction of $153,755.63. Following the sale, the insider directly owned 14,940 shares in the company, valued at $187,198.20. The trade was a 45.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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.