Summit Asset Management LLC Has $275,000 Holdings in CNH Industrial N.V. $CNH

Summit Asset Management LLC lessened its stake in CNH Industrial N.V. (NYSE:CNH) by 77.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,000 shares of the company’s stock after selling 85,000 shares during the quarter. Summit Asset Management LLC’s holdings in CNH Industrial were worth $275,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. National Pension Service bought a new stake in CNH Industrial during the 4th quarter worth about $2,620,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of CNH Industrial by 21.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 915,808 shares of the company’s stock valued at $8,563,000 after acquiring an additional 158,729 shares in the last quarter. CWM LLC increased its position in shares of CNH Industrial by 113.6% in the fourth quarter. CWM LLC now owns 414,233 shares of the company’s stock valued at $3,819,000 after acquiring an additional 220,328 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of CNH Industrial by 5.3% in the fourth quarter. BNP Paribas Financial Markets now owns 7,108,081 shares of the company’s stock valued at $65,537,000 after acquiring an additional 360,898 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in CNH Industrial by 1.4% during the fourth quarter. Gabelli Funds LLC now owns 7,064,650 shares of the company’s stock worth $65,136,000 after acquiring an additional 97,505 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Trading Down 2.9%

CNH Industrial stock opened at $10.34 on Tuesday. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $13.48. The company has a debt-to-equity ratio of 3.32, a quick ratio of 10.17 and a current ratio of 12.27. The stock has a market capitalization of $12.81 billion, a P/E ratio of 33.34, a PEG ratio of 1.43 and a beta of 1.14. The stock has a 50-day simple moving average of $10.55 and a 200 day simple moving average of $10.89.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.80 billion. CNH Industrial had a return on equity of 7.48% and a net margin of 2.13%.The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. CNH Industrial has set its FY 2026 guidance at 0.35-0.45 EPS. Analysts expect that CNH Industrial N.V. will post 0.41 earnings per share for the current year.

Insider Activity at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $10.13, for a total transaction of $490,140.05. Following the transaction, the insider directly owned 71,926 shares of the company’s stock, valued at approximately $728,610.38. The trade was a 40.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CNH. Evercore set a $12.25 price target on CNH Industrial in a research report on Monday, May 11th. Truist Financial set a $16.00 price objective on CNH Industrial in a research note on Friday, May 1st. DA Davidson reissued a “neutral” rating and issued a $12.00 price objective on shares of CNH Industrial in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Finally, Barclays boosted their target price on shares of CNH Industrial from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.77.

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.