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

Key Points

• TD Asset Management Inc significantly cut its holdings in CNH Industrial N.V. by 65.4% during the second quarter, now owning $1.32 million worth of shares after selling 192,551 shares.
• Institutional investors collectively hold 59.88% of CNH Industrial's stock, with notable increases in stakes from firms like Vanguard Group, which boosted its holdings by 186.0%.
• Analysts have recently downgraded CNH Industrial's target prices, with estimates now ranging from $11.50 to $14.00, reflecting a cautious outlook for the stock.

TD Asset Management Inc decreased its holdings in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 65.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,671 shares of the company's stock after selling 192,551 shares during the quarter. TD Asset Management Inc's holdings in CNH Industrial were worth $1,318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CNH. Vanguard Group Inc. boosted its stake in CNH Industrial by 186.0% during the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock worth $1,113,847,000 after acquiring an additional 58,991,632 shares during the last quarter. Alliancebernstein L.P. boosted its stake in CNH Industrial by 125.8% during the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock worth $223,750,000 after acquiring an additional 10,149,760 shares during the last quarter. Nuveen LLC bought a new position in CNH Industrial during the 1st quarter worth approximately $29,143,000. Invesco Ltd. boosted its stake in CNH Industrial by 89.1% during the 1st quarter. Invesco Ltd. now owns 4,907,506 shares of the company's stock worth $60,264,000 after acquiring an additional 2,311,887 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in CNH Industrial by 443.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,663,248 shares of the company's stock worth $21,556,000 after buying an additional 1,357,271 shares during the period. Institutional investors own 59.88% of the company's stock.

Analyst Upgrades and Downgrades

CNH has been the topic of several research analyst reports. Raymond James Financial dropped their target price on shares of CNH Industrial from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Wednesday. Oppenheimer dropped their target price 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. Barclays dropped their target price on shares of CNH Industrial from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their target price on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, September 2nd. Finally, The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.65.

Insider Activity

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total transaction of $153,755.63. Following the transaction, the insider directly owned 14,940 shares in the company, valued at approximately $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

CNH Industrial Price Performance

NYSE CNH opened at $10.61 on Thursday. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. CNH Industrial N.V. has a 12-month low of $9.87 and a 12-month high of $14.27. The company has a market capitalization of $13.26 billion, a PE ratio of 16.32 and a beta of 1.51. The firm's 50 day moving average is $11.16 and its 200-day moving average is $12.09.

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, beating analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the company earned $0.38 earnings per share. The firm'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. Equities research analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

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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