Generali Asset Management SPA SGR Trims Stock Position in CNH Industrial N.V. $CNH

Generali Asset Management SPA SGR lessened its stake in CNH Industrial N.V. (NYSE:CNH) by 15.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 125,331 shares of the company’s stock after selling 23,295 shares during the period. Generali Asset Management SPA SGR’s holdings in CNH Industrial were worth $1,539,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CNH. Vanguard Group Inc. increased its holdings in CNH Industrial by 186.0% in the 1st 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 last quarter. Alliancebernstein L.P. increased its holdings 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 last quarter. Nuveen LLC acquired a new stake in CNH Industrial in the 1st quarter valued at approximately $29,143,000. Invesco Ltd. increased its holdings in CNH Industrial by 89.1% in the 1st 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 last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in CNH Industrial by 443.6% in the 2nd 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 last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Insider Activity at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the sale, the insider directly owned 14,940 shares of the company’s stock, valued at approximately $187,198.20. This represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

CNH Industrial Stock Performance

NYSE CNH opened at $10.45 on Friday. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. CNH Industrial N.V. has a 1 year low of $9.87 and a 1 year high of $14.27. The company has a market capitalization of $13.07 billion, a PE ratio of 16.08 and a beta of 1.51. The company has a fifty day moving average of $11.28 and a two-hundred day moving average of $12.11.

CNH Industrial (NYSE:CNH) last released its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. CNH Industrial’s revenue for the quarter was down 14.2% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on CNH shares. Oppenheimer dropped their price target on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. JPMorgan Chase & Co. dropped their price target on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, September 2nd. Truist Financial dropped their price target on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. The Goldman Sachs Group cut shares of CNH Industrial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNH Industrial in a research report on Wednesday, October 8th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.77.

CNH Industrial 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.