Asset Management One Co. Ltd. Trims Stock Position in CNH Industrial N.V. $CNH

Asset Management One Co. Ltd. lessened its position in shares of CNH Industrial N.V. (NYSE:CNH) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 358,135 shares of the company’s stock after selling 4,103 shares during the quarter. Asset Management One Co. Ltd.’s holdings in CNH Industrial were worth $4,641,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in 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 purchasing an additional 58,991,632 shares during the period. Alliancebernstein L.P. raised 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. Nuveen LLC purchased a new stake in CNH Industrial in the first quarter valued at approximately $29,143,000. Invesco Ltd. raised its position in CNH Industrial by 89.1% in the first quarter. Invesco Ltd. now owns 4,907,506 shares of the company’s stock valued at $60,264,000 after purchasing an additional 2,311,887 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in CNH Industrial by 443.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,663,248 shares of the company’s stock valued at $21,556,000 after purchasing an additional 1,357,271 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Down 1.9%

CNH Industrial stock opened at $10.63 on Wednesday. CNH Industrial N.V. has a twelve month low of $9.87 and a twelve month high of $14.27. The stock’s fifty day simple moving average is $11.04 and its 200-day simple moving average is $12.10. 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 has a market capitalization of $13.29 billion, a P/E ratio of 16.35 and a beta of 1.51.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings data 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 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 company’s revenue was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, equities analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. Raymond James Financial cut their target price on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of CNH Industrial in a research report on Wednesday, October 8th. Barclays cut their target price on CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Finally, Oppenheimer cut their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.65.

Insider Activity at CNH Industrial

In related 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 transaction, the insider owned 14,940 shares in the company, valued at approximately $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

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.