TD Asset Management Inc Has $1.32 Million Position in CNH Industrial N.V. $CNH

TD Asset Management Inc reduced its stake in CNH Industrial N.V. (NYSE:CNH) by 65.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,671 shares of the company’s stock after selling 192,551 shares during the period. TD Asset Management Inc’s holdings in CNH Industrial were worth $1,318,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

CNH has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of CNH Industrial in a report on Wednesday, October 8th. Oppenheimer reduced their target price on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. Truist Financial reduced their target price on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Raymond James Financial reduced their target price on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group cut shares of CNH Industrial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.65.

CNH Industrial Trading Down 0.4%

CNH opened at $10.61 on Thursday. CNH Industrial N.V. has a twelve month low of $9.87 and a twelve month high of $14.27. The company has a 50-day simple moving average of $11.16 and a 200 day simple moving average of $12.09. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 16.32 and a beta of 1.51.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, topping 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 business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. CNH Industrial’s revenue 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. Analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $153,755.63. Following the completion of the sale, the insider 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 document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.