CNH Industrial N.V. $CNH Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC reduced its position in shares of CNH Industrial N.V. (NYSE:CNH) by 50.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 71,929 shares of the company’s stock after selling 72,099 shares during the period. Manning & Napier Advisors LLC’s holdings in CNH Industrial were worth $780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC acquired a new stake in shares of CNH Industrial in the third quarter worth approximately $27,000. Nordea Investment Management AB boosted its stake in CNH Industrial by 1.9% during the 3rd quarter. Nordea Investment Management AB now owns 139,221 shares of the company’s stock worth $1,504,000 after purchasing an additional 2,623 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in CNH Industrial by 3.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,088,771 shares of the company’s stock worth $22,663,000 after purchasing an additional 76,652 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of CNH Industrial by 10.3% during the third quarter. Forum Financial Management LP now owns 42,050 shares of the company’s stock worth $456,000 after buying an additional 3,922 shares in the last quarter. Finally, Parnassus Investments LLC raised its position in shares of CNH Industrial by 9.0% in the third quarter. Parnassus Investments LLC now owns 20,174 shares of the company’s stock valued at $219,000 after buying an additional 1,663 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Down 0.1%

Shares of NYSE CNH 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 company has a debt-to-equity ratio of 3.49, a current ratio of 13.01 and a quick ratio of 10.82. The company has a 50 day simple moving average of $9.69 and a 200-day simple moving average of $11.03. CNH Industrial N.V. has a 1 year low of $9.00 and a 1 year high of $14.27.

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

Analysts Set New Price Targets

CNH has been the topic of a number of recent research reports. Industrial Alliance Securities set a $13.00 price target on shares of CNH Industrial in a research report on Wednesday. Raymond James Financial lowered their target price on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. UBS Group dropped their price target on CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Barclays reduced their price objective 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, Citigroup boosted their price objective on CNH Industrial from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, CNH Industrial currently has an average rating of “Hold” and an average target price of $12.97.

Insider Transactions at CNH Industrial

In other CNH Industrial news, Director Vagn O. Sorensen acquired 10,385 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $9.62 per share, with a total value of $99,903.70. Following the transaction, the director owned 40,396 shares of the company’s stock, valued at $388,609.52. This trade represents a 34.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Suzanne Heywood acquired 52,522 shares of CNH Industrial stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of $9.52 per share, for a total transaction of $500,009.44. Following the completion of the acquisition, the director owned 619,427 shares in the company, valued at $5,896,945.04. This trade represents a 9.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 73,007 shares of company stock worth $700,182. 1.00% of the stock is currently owned by company insiders.

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.