Ridgewood Investments LLC Cuts Stock Position in CNH Industrial N.V. $CNH

Ridgewood Investments LLC decreased its position in CNH Industrial N.V. (NYSE:CNH) by 38.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 69,030 shares of the company’s stock after selling 43,573 shares during the period. 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 large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings 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 valued at $202,682,000 after buying an additional 13,413,731 shares during the last quarter. Norges Bank acquired a new stake in CNH Industrial in the 4th quarter valued at approximately $33,705,000. Brandywine Global Investment Management LLC increased its position in CNH Industrial by 186.1% in the 4th quarter. Brandywine Global Investment Management LLC now owns 4,961,457 shares of the company’s stock valued at $45,745,000 after acquiring an additional 3,227,143 shares during the period. Great Lakes Advisors LLC bought a new stake in CNH Industrial during the 2nd quarter valued at $30,453,000. Finally, Hsbc Holdings PLC raised its stake in CNH Industrial by 2,015.7% during the 1st quarter. Hsbc Holdings PLC now owns 2,660,771 shares of the company’s stock valued at $29,254,000 after acquiring an additional 2,535,010 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Price Performance

CNH traded down $0.18 during trading on Monday, reaching $13.29. The stock had a trading volume of 10,929,328 shares, compared to its average volume of 15,431,996. The stock has a 50 day moving average of $12.19 and a two-hundred day moving average of $11.17. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 53.16 and a beta of 1.20. CNH Industrial N.V. has a 1-year low of $9.00 and a 1-year high of $14.46.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%.The company had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.77 billion. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. As a group, equities analysts anticipate that CNH Industrial N.V. will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNH. Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. BMO Capital Markets lifted their price objective on shares of CNH Industrial from $11.00 to $12.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Robert W. Baird raised shares of CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Monday, August 31st. Sanford C. Bernstein reiterated a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, August 4th. Finally, DA Davidson reissued a “neutral” rating and set a $12.00 target price on shares of CNH Industrial in a research note on Wednesday, August 19th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CNH Industrial presently has a consensus rating of “Hold” and an average price target of $13.23.

CNH Industrial Profile

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.