IQ EQ FUND MANAGEMENT IRELAND Ltd Lowers Stake in CNH Industrial N.V. $CNH

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 4.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 183,788 shares of the company’s stock after selling 8,031 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in CNH Industrial were worth $2,382,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in shares of CNH Industrial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company’s stock worth $3,947,000 after purchasing an additional 999 shares during the period. TD Private Client Wealth LLC boosted its position in shares of CNH Industrial by 1.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company’s stock worth $755,000 after purchasing an additional 1,066 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of CNH Industrial by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 246,000 shares of the company’s stock worth $3,188,000 after purchasing an additional 1,100 shares during the period. Belpointe Asset Management LLC boosted its position in shares of CNH Industrial by 9.8% during the 1st quarter. Belpointe Asset Management LLC now owns 14,058 shares of the company’s stock worth $173,000 after purchasing an additional 1,251 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in shares of CNH Industrial by 3.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company’s stock worth $457,000 after purchasing an additional 1,280 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CNH shares. Oppenheimer decreased their price target 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 decreased their price target on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. The Goldman Sachs Group cut shares of CNH Industrial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. Weiss Ratings reissued a “hold (c)” rating on shares of CNH Industrial in a research report on Wednesday, October 8th. Finally, Raymond James Financial decreased their price target on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, CNH Industrial currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.65.

CNH Industrial Price Performance

CNH opened at $10.63 on Wednesday. The company has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $12.10. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 16.35 and a beta of 1.51. CNH Industrial N.V. has a twelve month low of $9.87 and a twelve month high of $14.27. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $4.71 billion during 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 business’s revenue was down 14.2% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Equities research analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the firm’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 completion of the sale, the insider directly owned 14,940 shares of the company’s stock, valued at approximately $187,198.20. This trade represents a 45.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

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.