Ridgewood Investments LLC Has $1.95 Million Position in CNH Industrial N.V. $CNH

Ridgewood Investments LLC grew its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 1.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 150,648 shares of the company’s stock after acquiring an additional 2,485 shares during the period. CNH Industrial makes up approximately 0.8% of Ridgewood Investments LLC’s portfolio, making the stock its 23rd biggest position. Ridgewood Investments LLC’s holdings in CNH Industrial were worth $1,952,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bank Pictet & Cie Europe AG acquired a new stake in shares of CNH Industrial during the 4th quarter valued at $1,937,000. Cetera Investment Advisers acquired a new position in CNH Industrial in the 4th quarter worth about $669,000. ProShare Advisors LLC bought a new position in CNH Industrial in the fourth quarter valued at about $548,000. Two Sigma Investments LP bought a new position in CNH Industrial in the fourth quarter valued at about $1,313,000. Finally, Vise Technologies Inc. acquired a new stake in shares of CNH Industrial during the fourth quarter valued at about $173,000. 59.88% of the stock is currently owned by institutional investors.

Insider Transactions at CNH Industrial

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the business’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 owned 14,940 shares in the company, valued at approximately $187,198.20. The trade was a 45.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CNH shares. Citigroup upped their price objective on CNH Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Oppenheimer reduced their target price on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. Finally, The Goldman Sachs Group downgraded shares of CNH Industrial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.88.

CNH Industrial Stock Down 1.1%

CNH stock opened at $10.97 on Monday. The stock’s 50 day simple moving average is $12.15 and its 200 day simple moving average is $12.39. The company has a market cap of $13.72 billion, a P/E ratio of 16.88 and a beta of 1.51. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. CNH Industrial N.V. has a fifty-two week low of $10.00 and a fifty-two week high of $14.27.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The company’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, research analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

CNH Industrial Company Profile

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.