CNH Industrial N.V. $CNH Shares Sold by Guyasuta Investment Advisors Inc.

Key Points

• Guyasuta Investment Advisors Inc. reduced its stake in CNH Industrial N.V. by 51.0%, owning 1,713,486 shares after selling 1,785,857 shares in the second quarter.
• CNH Industrial reported earnings of $0.17 per share, surpassing analyst expectations, despite a 14.2% revenue decline year-over-year.
• JPMorgan and Goldman Sachs downgraded their ratings on CNH Industrial, with the average target price currently at $14.95 and a consensus rating of "Moderate Buy."

Guyasuta Investment Advisors Inc. lowered its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 51.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,713,486 shares of the company's stock after selling 1,785,857 shares during the quarter. CNH Industrial makes up about 1.4% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 20th biggest position. Guyasuta Investment Advisors Inc. owned 0.14% of CNH Industrial worth $22,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its holdings in shares of CNH Industrial by 0.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company's stock valued at $3,947,000 after acquiring an additional 999 shares during the period. Mission Wealth Management LP boosted its position in shares of CNH Industrial by 3.0% during the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock worth $452,000 after purchasing an additional 1,056 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of CNH Industrial by 1.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company's stock worth $755,000 after buying an additional 1,066 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of CNH Industrial by 9.8% in the 1st quarter. Belpointe Asset Management LLC now owns 14,058 shares of the company's stock worth $173,000 after buying an additional 1,251 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of CNH Industrial by 3.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company's stock worth $457,000 after buying an additional 1,280 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company's stock.

Insider Buying and Selling

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of CNH Industrial stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the transaction, the insider directly owned 14,940 shares of the company's stock, valued at $187,198.20. The trade was a 45.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

CNH Industrial Stock Performance

CNH stock opened at $10.89 on Friday. CNH Industrial N.V. has a 1 year low of $10.00 and a 1 year high of $14.27. The stock's fifty day moving average is $11.94 and its two-hundred day moving average is $12.33. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 16.75 and a beta of 1.51.

CNH Industrial (NYSE:CNH - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same period in the previous year, the company earned $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. On average, research analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price 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. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. Finally, Oppenheimer cut their price target on shares of CNH Industrial from $16.00 to $13.00 and set an "outperform" rating on the stock in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, CNH Industrial has a consensus rating of "Moderate Buy" and an average target price of $14.95.

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.

Want to see what other hedge funds are holding CNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNH Industrial N.V. (NYSE:CNH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.