CNH Industrial N.V. $CNH Shares Sold by WBI Investments LLC

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 lessened its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CNH. Global X Japan Co. Ltd. purchased a new position in CNH Industrial during the first quarter worth about $29,000. Twin Tree Management LP boosted 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 buying an additional 2,606 shares during the period. Brooklyn Investment Group boosted its stake in CNH Industrial by 218.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock worth $42,000 after buying an additional 2,325 shares during the period. Harbour Investments Inc. boosted its stake in CNH Industrial by 697.1% during the first quarter. Harbour Investments Inc. now owns 4,376 shares of the company's stock worth $54,000 after buying an additional 3,827 shares during the period. Finally, SVB Wealth LLC purchased a new position in CNH Industrial during the first quarter worth about $59,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Analysts Set New Price Targets

CNH has been the subject of several research analyst reports. The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Evercore ISI raised their price objective on shares of CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Oppenheimer raised their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Citigroup raised their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

CNH Industrial Stock Down 0.2%

CNH stock traded down $0.03 during midday trading on Tuesday, reaching $10.86. 3,094,352 shares of the company were exchanged, compared to its average volume of 17,282,730. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. CNH Industrial N.V. has a 1-year low of $10.00 and a 1-year high of $14.27. The stock's 50-day simple moving average is $12.37 and its 200 day simple moving average is $12.43. The company has a market cap of $13.58 billion, a price-to-earnings ratio of 16.70 and a beta of 1.51.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates 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 period last year, the firm posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, equities analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

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.