Ridgewood Investments LLC lowered its stake in shares of CNH Industrial N.V. (NYSE:CNH – Free Report) by 38.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,030 shares of the company’s stock after selling 43,573 shares during the quarter. Ridgewood Investments LLC’s holdings in CNH Industrial were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its holdings in CNH Industrial by 27.5% in the second quarter. Sequoia Financial Advisors LLC now owns 37,074 shares of the company’s stock valued at $416,000 after acquiring an additional 7,986 shares in the last quarter. Tidal Investments LLC grew its holdings in CNH Industrial by 1,043.7% during the 2nd quarter. Tidal Investments LLC now owns 797,749 shares of the company’s stock worth $8,959,000 after acquiring an additional 727,999 shares in the last quarter. Arizona State Retirement System increased its position in shares of CNH Industrial by 4.9% in the 2nd quarter. Arizona State Retirement System now owns 249,001 shares of the company’s stock worth $2,796,000 after purchasing an additional 11,732 shares during the last quarter. Corient Private Wealth LP raised its stake in shares of CNH Industrial by 146.3% in the 2nd quarter. Corient Private Wealth LP now owns 148,264 shares of the company’s stock valued at $1,665,000 after purchasing an additional 88,077 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of CNH Industrial in the 2nd quarter valued at about $104,000. Institutional investors own 59.88% of the company’s stock.
CNH Industrial Stock Performance
NYSE CNH traded down $0.18 during trading hours on Monday, reaching $13.29. The company’s stock had a trading volume of 10,929,328 shares, compared to its average volume of 15,431,996. 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 business has a 50-day simple moving average of $12.19 and a 200 day simple moving average of $11.17. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.46. The stock has a market cap of $16.45 billion, a PE ratio of 53.16 and a beta of 1.20.
Wall Street Analyst Weigh In
CNH has been the subject of a number of research reports. Truist Financial lifted their price target on CNH Industrial from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird upgraded CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 target price for the company in a research report on Monday, August 31st. Weiss Ratings upgraded CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Citigroup upped their price target on CNH Industrial from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised their price objective on CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.23.
Check Out Our Latest Analysis on CNH Industrial
About CNH Industrial
CNH Industrial N.V. is a global manufacturer of agriculture and construction equipment. The company develops, produces and sells machinery, technologies and services used in farming, road building, infrastructure development and related industries.
Its agriculture business offers tractors, combines, harvesting equipment, planting and seeding machinery, hay and forage equipment, sprayers and precision-agriculture technologies. Its construction portfolio includes excavators, loaders, dozers, compactors, graders and other equipment.
See Also
- Five stocks we like better than CNH Industrial
- NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.
