WBI Investments LLC Sells 25,169 Shares of CNH Industrial N.V. $CNH

Key Points

• WBI Investments LLC sold 25,169 shares of CNH Industrial N.V., reducing its holdings by 27.8% to a total of 65,342 shares worth approximately $802,000.
• Vanguard Group Inc. significantly increased its stake in CNH Industrial by 186% during the same quarter, acquiring an additional 58.9 million shares, leading to total holdings valued at over $1.1 billion.
• CNH Industrial's stock recently traded at $11.22, with a market capitalization of $14.04 billion, while analysts have varied ratings and price targets, highlighting a recent downgrade from Goldman Sachs.

WBI Investments LLC decreased its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 27.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,342 shares of the company's stock after selling 25,169 shares during the quarter. WBI Investments LLC's holdings in CNH Industrial were worth $802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNH. Vanguard Group Inc. boosted its holdings in shares of CNH Industrial by 186.0% in the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock worth $1,113,847,000 after buying an additional 58,991,632 shares during the last quarter. Millennium Management LLC bought a new position in CNH Industrial in the 4th quarter worth $136,517,000. Alliancebernstein L.P. grew its holdings in CNH Industrial by 125.8% during the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock valued at $223,750,000 after purchasing an additional 10,149,760 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in CNH Industrial in the fourth quarter worth about $97,092,000. Finally, Southeastern Asset Management Inc. TN purchased a new stake in CNH Industrial in the fourth quarter worth about $53,797,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH Industrial Trading Down 0.9%

CNH Industrial stock opened at $11.22 on Thursday. The stock has a market cap of $14.04 billion, a P/E ratio of 17.27 and a beta of 1.51. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. CNH Industrial N.V. has a 1 year low of $9.92 and a 1 year high of $14.27. The firm's 50 day moving average price is $12.52 and its 200-day moving average price is $12.47.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on CNH. The Goldman Sachs Group cut CNH Industrial from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. Oppenheimer upped their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Evercore ISI upped their price target on CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. reduced their price target on CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, September 2nd. Finally, Citigroup upped their price target on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.13.

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.

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