Summit Asset Management LLC Sells 85,000 Shares of CNH Industrial N.V. $CNH

Summit Asset Management LLC decreased its position in shares of CNH Industrial N.V. (NYSE:CNH) by 77.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after selling 85,000 shares during the period. Summit Asset Management LLC’s holdings in CNH Industrial were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in CNH Industrial by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 29,204,840 shares of the company’s stock valued at $321,185,000 after purchasing an additional 2,380,087 shares in the last quarter. Parallel Advisors LLC boosted its stake in CNH Industrial by 33.4% in the first quarter. Parallel Advisors LLC now owns 6,325 shares of the company’s stock worth $70,000 after purchasing an additional 1,585 shares in the last quarter. KBC Group NV grew its holdings in shares of CNH Industrial by 7.4% during the first quarter. KBC Group NV now owns 1,608,278 shares of the company’s stock worth $17,691,000 after purchasing an additional 110,310 shares during the last quarter. SEB Asset Management AB bought a new stake in shares of CNH Industrial during the first quarter worth $1,879,000. Finally, Swiss National Bank increased its stake in shares of CNH Industrial by 9.8% in the first quarter. Swiss National Bank now owns 2,560,498 shares of the company’s stock valued at $28,165,000 after buying an additional 228,500 shares in the last quarter. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Price Performance

CNH Industrial stock opened at $10.34 on Tuesday. The business’s 50-day simple moving average is $10.55 and its 200 day simple moving average is $10.89. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 1.43 and a beta of 1.14. CNH Industrial N.V. has a 12-month low of $9.00 and a 12-month high of $13.48. The company has a quick ratio of 10.17, a current ratio of 12.27 and a debt-to-equity ratio of 3.32.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.80 billion. CNH Industrial had a return on equity of 7.48% and a net margin of 2.13%.The company’s revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. CNH Industrial has set its FY 2026 guidance at 0.35-0.45 EPS. As a group, research analysts anticipate that CNH Industrial N.V. will post 0.41 earnings per share for the current year.

Insider Activity

In other news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of CNH Industrial stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $10.13, for a total transaction of $490,140.05. Following the completion of the sale, the insider owned 71,926 shares in the company, valued at $728,610.38. The trade was a 40.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on CNH Industrial from $9.50 to $10.00 and gave the company an “underweight” rating in a report on Monday, July 13th. Weiss Ratings cut shares of CNH Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. Barclays raised their price objective on shares of CNH Industrial from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, April 1st. Evercore set a $12.25 target price on shares of CNH Industrial in a research report on Monday, May 11th. Finally, Truist Financial set a $16.00 target price on shares of CNH Industrial in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, CNH Industrial presently has an average rating of “Hold” and an average price target of $12.77.

About CNH Industrial

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.