Assetmark Inc. Decreases Position in CNH Industrial N.V. $CNH

Assetmark Inc. cut its holdings in CNH Industrial N.V. (NYSE:CNH) by 46.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,338 shares of the company’s stock after selling 70,005 shares during the quarter. Assetmark Inc.’s holdings in CNH Industrial were worth $893,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Artisan Partners Limited Partnership lifted its stake in CNH Industrial by 1.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 32,950,999 shares of the company’s stock valued at $427,045,000 after acquiring an additional 575,650 shares during the period. Alliancebernstein L.P. lifted its position in CNH Industrial by 7.6% during the second quarter. Alliancebernstein L.P. now owns 19,603,523 shares of the company’s stock valued at $254,062,000 after purchasing an additional 1,382,861 shares during the period. Geode Capital Management LLC lifted its position in CNH Industrial by 0.8% during the second quarter. Geode Capital Management LLC now owns 15,406,302 shares of the company’s stock valued at $199,047,000 after purchasing an additional 119,918 shares during the period. Thrivent Financial for Lutherans boosted its holdings in CNH Industrial by 8.9% in the third quarter. Thrivent Financial for Lutherans now owns 8,217,192 shares of the company’s stock worth $89,157,000 after purchasing an additional 672,238 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in CNH Industrial by 1.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 8,007,587 shares of the company’s stock worth $103,778,000 after purchasing an additional 120,427 shares during the period. Institutional investors own 59.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CNH shares. Truist Financial set a $12.00 price target on CNH Industrial in a research note on Wednesday, January 14th. UBS Group lowered their target price on CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Citigroup boosted their price target on CNH Industrial from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. downgraded shares of CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a report on Friday, November 28th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, CNH Industrial has an average rating of “Hold” and an average price target of $13.37.

CNH Industrial Stock Performance

Shares of CNH opened at $13.08 on Friday. The business has a 50-day simple moving average of $10.79 and a two-hundred day simple moving average of $10.77. The company has a quick ratio of 10.82, a current ratio of 3.82 and a debt-to-equity ratio of 3.44. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.27. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 32.69 and a beta of 1.29.

CNH Industrial (NYSE:CNH) last released its earnings results on Tuesday, February 17th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. CNH Industrial has set its FY 2026 guidance at 0.350-0.450 EPS. On average, analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current year.

CNH Industrial 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.