D.A. Davidson & CO. Lowers Position in CNH Industrial N.V. $CNH

D.A. Davidson & CO. trimmed its stake in CNH Industrial N.V. (NYSE:CNH) by 0.4% in the second quarter, Holdings Channel.com reports. The firm owned 330,398 shares of the company’s stock after selling 1,298 shares during the quarter. D.A. Davidson & CO.’s holdings in CNH Industrial were worth $4,282,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in CNH Industrial by 186.0% during the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock worth $1,113,847,000 after buying an additional 58,991,632 shares during the period. Charles Schwab Investment Management Inc. grew its stake in CNH Industrial by 1.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company’s stock worth $257,719,000 after buying an additional 395,005 shares during the period. Alliancebernstein L.P. grew its stake in CNH Industrial by 125.8% during the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock worth $223,750,000 after buying an additional 10,149,760 shares during the period. Dimensional Fund Advisors LP grew its stake in CNH Industrial by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company’s stock worth $181,481,000 after buying an additional 471,610 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in CNH Industrial by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,605,783 shares of the company’s stock worth $105,679,000 after buying an additional 36,343 shares during the period. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CNH has been the subject of several research reports. Truist Financial decreased 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. The Goldman Sachs Group downgraded 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 note on Wednesday, July 16th. JPMorgan Chase & Co. decreased their price objective 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. Oppenheimer decreased 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. Finally, Raymond James Financial reduced their target price on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, CNH Industrial has an average rating of “Moderate Buy” and a consensus price target of $14.65.

CNH Industrial Trading Down 0.1%

NYSE CNH opened at $10.78 on Friday. The company’s fifty day simple moving average is $11.10 and its 200-day simple moving average is $12.09. CNH Industrial N.V. has a 52 week low of $9.87 and a 52 week high of $14.27. 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 stock has a market cap of $13.48 billion, a P/E ratio of 16.58 and a beta of 1.51.

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

Insider Transactions at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total value of $153,755.63. Following the sale, the insider directly owned 14,940 shares of the company’s stock, valued at $187,198.20. This represents a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

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.