TB Alternative Assets Ltd. Lowers Holdings in CNH Industrial N.V. $CNH

Key Points

• TB Alternative Assets Ltd. reduced its stake in CNH Industrial N.V. by 50%, now holding 51,899 shares valued at approximately $673,000 following the transaction.
• Several institutional investors, including Global X Japan and Twin Tree Management, have made significant changes to their holdings in CNH, with hedge funds currently owning 59.88% of the stock.
• CNH Industrial's stock has shown volatility with a price target cut from $16.00 to $13.00 by Oppenheimer, while other analysts maintain a Moderate Buy consensus with a target price of $14.95.

TB Alternative Assets Ltd. trimmed its holdings in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 50.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,899 shares of the company's stock after selling 51,899 shares during the period. TB Alternative Assets Ltd.'s holdings in CNH Industrial were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CNH. Global X Japan Co. Ltd. purchased a new stake in shares of CNH Industrial during the first quarter worth about $29,000. Twin Tree Management LP lifted its stake in CNH Industrial by 1,068.0% during the first quarter. Twin Tree Management LP now owns 2,362 shares of the company's stock worth $29,000 after purchasing an additional 2,606 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of CNH Industrial by 218.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock valued at $42,000 after buying an additional 2,325 shares during the period. Harbour Investments Inc. grew its holdings in shares of CNH Industrial by 697.1% during 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. Finally, SVB Wealth LLC bought a new position in CNH Industrial during the 1st quarter worth $59,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CNH Industrial Stock Performance

CNH opened at $10.88 on Thursday. CNH Industrial N.V. has a 52-week low of $10.00 and a 52-week 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 stock has a 50-day moving average of $12.02 and a 200-day moving average of $12.36. The company has a market cap of $13.60 billion, a PE ratio of 16.73 and a beta of 1.51.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. CNH Industrial's quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, equities research analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Insider Activity at CNH Industrial

In other 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 value of $153,755.63. Following the completion of the sale, the insider directly owned 14,940 shares of the company's stock, valued at approximately $187,198.20. This represents a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company 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.

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