Washington Capital Management Inc. Lowers Stock Position in CNH Industrial N.V. $CNH

Washington Capital Management Inc. trimmed its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 58.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,890 shares of the company’s stock after selling 52,624 shares during the quarter. Washington Capital Management Inc.’s holdings in CNH Industrial were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Quent Capital LLC purchased a new position in shares of CNH Industrial in the 3rd quarter valued at $27,000. Transamerica Financial Advisors LLC grew its stake in CNH Industrial by 923.2% in the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock valued at $47,000 after purchasing an additional 3,296 shares during the last quarter. Advantage Trust Co bought a new position in CNH Industrial in the second quarter worth about $54,000. Headlands Technologies LLC purchased a new stake in shares of CNH Industrial during the second quarter valued at about $61,000. Finally, IFP Advisors Inc grew its position in shares of CNH Industrial by 425.4% in the 2nd quarter. IFP Advisors Inc now owns 6,484 shares of the company’s stock worth $84,000 after buying an additional 5,250 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Vagn O. Sorensen purchased 10,385 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average price of $9.62 per share, for a total transaction of $99,903.70. Following the completion of the transaction, the director owned 40,396 shares in the company, valued at $388,609.52. This represents a 34.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Suzanne Heywood bought 52,522 shares of the stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average cost of $9.52 per share, for a total transaction of $500,009.44. Following the completion of the purchase, the director owned 619,427 shares in the company, valued at approximately $5,896,945.04. This represents a 9.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 73,007 shares of company stock valued at $700,182. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

CNH has been the subject of a number of analyst reports. Oppenheimer decreased their target price on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. Truist Financial set a $12.00 price objective on CNH Industrial in a report on Wednesday. DA Davidson dropped their target price on CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Barclays reduced their target price on CNH Industrial from $14.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, December 22nd. Finally, Cfra restated a “hold” rating and set a $11.00 price target on shares of CNH Industrial in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.97.

CNH Industrial Stock Down 0.1%

CNH stock opened at $10.82 on Friday. The company has a market capitalization of $13.48 billion, a P/E ratio of 23.01 and a beta of 1.29. The firm’s fifty day simple moving average is $9.69 and its 200-day simple moving average is $11.03. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $14.27. The company has a debt-to-equity ratio of 3.49, a current ratio of 13.01 and a quick ratio of 10.82.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05). CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business posted $0.24 earnings per share. CNH Industrial’s revenue for the quarter was down 5.5% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. As a group, equities research analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.