Eubel Brady & Suttman Asset Management Inc. Increases Position in CNH Industrial N.V. $CNH

Eubel Brady & Suttman Asset Management Inc. grew its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 33.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,007,597 shares of the company’s stock after purchasing an additional 505,221 shares during the quarter. CNH Industrial makes up about 2.5% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 18th biggest position. Eubel Brady & Suttman Asset Management Inc. owned 0.16% of CNH Industrial worth $21,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP grew its holdings in CNH Industrial by 21,312.8% in the second quarter. Marshall Wace LLP now owns 6,781,205 shares of the company’s stock valued at $87,884,000 after purchasing an additional 6,749,536 shares during the period. Norges Bank purchased a new stake in shares of CNH Industrial during the 2nd quarter valued at $61,198,000. BNP Paribas Financial Markets increased its holdings in shares of CNH Industrial by 323.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,776,930 shares of the company’s stock worth $61,909,000 after buying an additional 3,647,517 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of CNH Industrial by 5,176.5% during the 2nd quarter. Schroder Investment Management Group now owns 1,917,684 shares of the company’s stock worth $24,853,000 after buying an additional 1,881,340 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of CNH Industrial by 7.6% in the 2nd quarter. Alliancebernstein L.P. now owns 19,603,523 shares of the company’s stock worth $254,062,000 after buying an additional 1,382,861 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Performance

Shares of CNH stock opened at $12.81 on Thursday. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 27.25 and a beta of 1.29. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $14.27. The company’s 50-day simple moving average is $10.34 and its 200-day simple moving average is $10.75. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01.

Wall Street Analyst Weigh In

CNH has been the topic of several research reports. DA Davidson cut their price target on shares of CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. UBS Group reduced their target price on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Truist Financial set a $12.00 price target on CNH Industrial in a report on Wednesday, January 14th. Citigroup raised their price objective on CNH Industrial from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CNH Industrial in a research report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.97.

Insider Transactions at CNH Industrial

In other CNH Industrial news, Director Suzanne Heywood acquired 52,522 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $9.52 per share, with a total value of $500,009.44. Following the completion of the acquisition, the director directly owned 619,427 shares in the company, valued at $5,896,945.04. This trade represents a 9.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

CNH Industrial Company Profile

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.