Mutual of America Capital Management LLC Cuts Holdings in CNH Industrial N.V. $CNH

Mutual of America Capital Management LLC trimmed its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 434,944 shares of the company’s stock after selling 15,038 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CNH Industrial were worth $5,637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Twin Tree Management LP grew its holdings in CNH Industrial by 1,068.0% in the first quarter. Twin Tree Management LP now owns 2,362 shares of the company’s stock worth $29,000 after purchasing an additional 2,606 shares during the last quarter. Brooklyn Investment Group grew its holdings in CNH Industrial by 218.3% in the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $42,000 after purchasing an additional 2,325 shares during the last quarter. Harbour Investments Inc. grew its holdings in CNH Industrial by 697.1% in the first quarter. Harbour Investments Inc. now owns 4,376 shares of the company’s stock worth $54,000 after purchasing an additional 3,827 shares during the last quarter. SVB Wealth LLC purchased a new position in CNH Industrial in the first quarter worth $59,000. Finally, IFP Advisors Inc grew its holdings in CNH Industrial by 425.4% in the second quarter. IFP Advisors Inc now owns 6,484 shares of the company’s stock worth $84,000 after purchasing an additional 5,250 shares during the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CNH. The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. Barclays lowered their price objective on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of CNH Industrial in a research note on Wednesday, October 8th. Truist Financial lowered their price objective 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. Finally, Oppenheimer lowered their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.71.

Insider Transactions 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 directly owned 14,940 shares in the company, valued at $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.

CNH Industrial Trading Up 1.4%

NYSE:CNH opened at $10.66 on Wednesday. CNH Industrial N.V. has a 12 month low of $9.87 and a 12 month high of $14.27. The firm has a fifty day simple moving average of $11.20 and a 200-day simple moving average of $12.09. 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 company has a market capitalization of $13.33 billion, a P/E ratio of 16.39 and a beta of 1.51.

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

About CNH Industrial

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.