CNH Industrial N.V. $CNH Stock: International Assets Investment Management LLC Decreases Holdings

International Assets Investment Management LLC lessened its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 93.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,737 shares of the company’s stock after selling 50,981 shares during the period. International Assets Investment Management LLC’s holdings in CNH Industrial were worth $48,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CNH. Dimensional Fund Advisors LP lifted its holdings in shares of CNH Industrial by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 29,204,840 shares of the company’s stock worth $321,185,000 after acquiring an additional 2,380,087 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of CNH Industrial by 267.6% during the first quarter. Bank of New York Mellon Corp now owns 18,425,651 shares of the company’s stock worth $202,682,000 after buying an additional 13,413,731 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of CNH Industrial by 0.3% during the first quarter. Gabelli Funds LLC now owns 7,083,970 shares of the company’s stock worth $77,924,000 after buying an additional 19,320 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of CNH Industrial by 13.0% in the 2nd quarter. Wellington Management Group LLP now owns 6,596,942 shares of the company’s stock valued at $74,084,000 after acquiring an additional 759,512 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of CNH Industrial by 61.3% in the 1st quarter. Sei Investments Co. now owns 4,666,201 shares of the company’s stock valued at $51,330,000 after acquiring an additional 1,774,178 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CNH. Citigroup lifted their target price on shares of CNH Industrial from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Weiss Ratings raised shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. DA Davidson reiterated a “neutral” rating and set a $12.00 price target on shares of CNH Industrial in a report on Wednesday, August 19th. Evercore upgraded CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Wednesday, September 2nd. Finally, Truist Financial lifted their target price on CNH Industrial from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.39.

CNH Industrial Trading Up 2.8%

CNH stock traded up $0.32 during midday trading on Friday, hitting $11.56. The stock had a trading volume of 16,271,194 shares, compared to its average volume of 16,576,522. The company has a current ratio of 12.23, a quick ratio of 10.16 and a debt-to-equity ratio of 3.33. The firm has a market cap of $14.31 billion, a P/E ratio of 46.26 and a beta of 1.23. The business has a fifty day moving average price of $12.55 and a two-hundred day moving average price of $11.35. CNH Industrial N.V. has a 1-year low of $9.00 and a 1-year high of $14.46.

CNH Industrial Profile

CNH Industrial N.V. (NYSE: CNH) is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.