QSM Asset Management Ltd Sells 128,067 Shares of CNH Industrial N.V. $CNH

Key Points

• QSM Asset Management Ltd reduced its stake in CNH Industrial N.V. by 19.3%, now holding 534,602 shares worth approximately $6.9 million.
• Several other hedge funds increased their stakes in CNH Industrial during the second quarter, with GAMMA Investing LLC reporting a significant 44.7% increase in ownership.
• Analyst ratings for CNH Industrial have varied, with Goldman Sachs downgrading it to "neutral" and Citigroup increasing its price target while maintaining a "buy" rating.

QSM Asset Management Ltd cut its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 19.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 534,602 shares of the company's stock after selling 128,067 shares during the period. CNH Industrial makes up 6.4% of QSM Asset Management Ltd's investment portfolio, making the stock its 8th largest position. QSM Asset Management Ltd's holdings in CNH Industrial were worth $6,926,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CNH. CHICAGO TRUST Co NA raised its stake in shares of CNH Industrial by 11.2% during the second quarter. CHICAGO TRUST Co NA now owns 55,801 shares of the company's stock valued at $723,000 after purchasing an additional 5,610 shares during the period. GAMMA Investing LLC increased its stake in shares of CNH Industrial by 44.7% in the second quarter. GAMMA Investing LLC now owns 10,454 shares of the company's stock worth $135,000 after buying an additional 3,229 shares during the last quarter. Ridgewood Investments LLC increased its stake in shares of CNH Industrial by 1.7% in the second quarter. Ridgewood Investments LLC now owns 150,648 shares of the company's stock worth $1,952,000 after buying an additional 2,485 shares during the last quarter. Foundation Resource Management Inc. increased its stake in shares of CNH Industrial by 1.0% in the second quarter. Foundation Resource Management Inc. now owns 633,405 shares of the company's stock worth $8,209,000 after buying an additional 5,998 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of CNH Industrial in the second quarter worth $256,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CNH. The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Oppenheimer dropped their price target 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. JPMorgan Chase & Co. dropped their price target 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. Finally, Citigroup lifted their price target on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, CNH Industrial presently has an average rating of "Moderate Buy" and an average target price of $14.88.

CNH Industrial Price Performance

Shares of CNH opened at $11.01 on Tuesday. CNH Industrial N.V. has a twelve month low of $10.00 and a twelve month high of $14.27. 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 firm's 50 day moving average price is $12.11 and its 200 day moving average price is $12.39. The firm has a market cap of $13.77 billion, a PE ratio of 16.93 and a beta of 1.51.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter last year, the company posted $0.38 earnings per share. The company'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. As a group, research analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total transaction of $153,755.63. Following the transaction, the insider owned 14,940 shares in the company, valued at $187,198.20. This trade represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

CNH Industrial Company 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.

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