CNH Industrial N.V. $CNH Stock Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. cut its CNH Industrial stake by 95.1% in the third quarter, selling 393,090 shares and retaining 20,105 shares valued at about $258,000.
• CNH Industrial reported quarterly EPS of $0.13, above the $0.11 consensus, and revenue of $4.80 billion, also slightly ahead of estimates and up 2% year over year.
• Analyst views are mixed, with a consensus “Hold” rating and an average price target of $13.39; Truist raised its target to $17 and Baird upgraded the stock to “Outperform.”

Asset Management One Co. Ltd. decreased its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 95.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,105 shares of the company's stock after selling 393,090 shares during the period. Asset Management One Co. Ltd.'s holdings in CNH Industrial were worth $258,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SYM FINANCIAL Corp bought a new stake in CNH Industrial in the 3rd quarter worth approximately $204,000. Apollon Wealth Management LLC purchased a new stake in CNH Industrial during the third quarter valued at about $173,000. Signaturefd LLC boosted its position in CNH Industrial by 51.5% during the third quarter. Signaturefd LLC now owns 14,060 shares of the company's stock valued at $181,000 after buying an additional 4,779 shares during the period. Citizens Financial Group Inc. RI bought a new stake in CNH Industrial in the third quarter valued at approximately $808,000. Finally, MBL Wealth LLC purchased a new position in shares of CNH Industrial in the third quarter worth $410,000. Institutional investors own 59.88% of the company's stock.

CNH Industrial Trading Down 0.4%

NYSE CNH opened at $11.69 on Thursday. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $14.46. The company has a current ratio of 12.23, a quick ratio of 10.16 and a debt-to-equity ratio of 3.33. The stock's fifty day moving average price is $12.55 and its 200-day moving average price is $11.35. The stock has a market cap of $14.46 billion, a P/E ratio of 28.61 and a beta of 1.23.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.77 billion. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%. CNH Industrial's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. As a group, equities analysts forecast that CNH Industrial N.V. will post 0.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial upped their price objective on shares of CNH Industrial from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, October 5th. DA Davidson reissued a "neutral" rating and issued a $12.00 target price on shares of CNH Industrial in a research note on Wednesday, August 19th. Robert W. Baird upgraded CNH Industrial from a "neutral" rating to an "outperform" rating and set a $15.00 price target on the stock in a report on Monday, August 31st. BMO Capital Markets lifted their target price on shares of CNH Industrial from $11.00 to $12.00 and gave the company a "market perform" rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings raised CNH Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.39.

CNH Industrial Company Profile

CNH Industrial N.V. NYSE: CNH is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.

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