Anchor Capital Advisors LLC Lowers Stock Holdings in CNH Industrial N.V. $CNH

Anchor Capital Advisors LLC lowered its stake in CNH Industrial N.V. (NYSE:CNH) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,519,319 shares of the company’s stock after selling 154,265 shares during the period. CNH Industrial makes up approximately 1.4% of Anchor Capital Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Anchor Capital Advisors LLC owned about 0.36% of CNH Industrial worth $49,035,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quent Capital LLC purchased a new position in CNH Industrial in the 3rd quarter valued at $27,000. Transamerica Financial Advisors LLC lifted its stake in shares of CNH Industrial by 923.2% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock worth $47,000 after acquiring an additional 3,296 shares during the period. Advantage Trust Co purchased a new stake in shares of CNH Industrial in the second quarter valued at about $54,000. Headlands Technologies LLC purchased a new stake in shares of CNH Industrial in the second quarter valued at about $61,000. Finally, IFP Advisors Inc increased its stake in shares of CNH Industrial by 425.4% during the second quarter. IFP Advisors Inc now owns 6,484 shares of the company’s stock worth $84,000 after acquiring an additional 5,250 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Insider Activity

In other CNH Industrial news, Director Vagn O. Sorensen acquired 10,385 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average cost of $9.62 per share, with a total value of $99,903.70. Following the purchase, the director directly owned 40,396 shares in the company, valued at approximately $388,609.52. This trade represents a 34.60% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Suzanne Heywood acquired 52,522 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $9.52 per share, with a total value of $500,009.44. Following the completion of the transaction, the director directly owned 619,427 shares in the company, valued at approximately $5,896,945.04. The trade was a 9.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 73,007 shares of company stock worth $700,182 over the last ninety days. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. DA Davidson reduced their price objective on shares of CNH Industrial from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Industrial Alliance Securities set a $13.00 price target on CNH Industrial in a report on Wednesday, January 14th. UBS Group decreased their price target on CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Citigroup upped their price objective on CNH Industrial from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CNH Industrial in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.97.

CNH Industrial Trading Down 2.6%

Shares of CNH stock opened at $10.64 on Wednesday. The stock has a market cap of $13.26 billion, a P/E ratio of 22.63 and a beta of 1.29. The company has a quick ratio of 10.82, a current ratio of 13.01 and a debt-to-equity ratio of 3.49. CNH Industrial N.V. has a fifty-two week low of $9.00 and a fifty-two week high of $14.27. The business has a fifty day simple moving average of $9.76 and a 200-day simple moving average of $10.94.

CNH Industrial (NYSE:CNH) last released its quarterly earnings data on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. CNH Industrial’s quarterly revenue was down 5.5% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. On average, analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

About CNH Industrial

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.