Gamco Investors INC. ET AL Reduces Position in CNH Industrial N.V. $CNH

Gamco Investors INC. ET AL trimmed its position in CNH Industrial N.V. (NYSE:CNH) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,886,313 shares of the company’s stock after selling 121,274 shares during the period. CNH Industrial accounts for approximately 0.8% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 18th biggest holding. Gamco Investors INC. ET AL owned about 0.63% of CNH Industrial worth $85,566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership lifted its position in CNH Industrial by 1.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 32,950,999 shares of the company’s stock worth $427,045,000 after acquiring an additional 575,650 shares during the period. Alliancebernstein L.P. increased its holdings in shares of CNH Industrial by 7.6% in the second quarter. Alliancebernstein L.P. now owns 19,603,523 shares of the company’s stock valued at $254,062,000 after purchasing an additional 1,382,861 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of CNH Industrial by 14.5% in the third quarter. Dimensional Fund Advisors LP now owns 18,492,138 shares of the company’s stock worth $200,646,000 after purchasing an additional 2,338,847 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CNH Industrial by 0.8% in the second quarter. Geode Capital Management LLC now owns 15,406,302 shares of the company’s stock worth $199,047,000 after purchasing an additional 119,918 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of CNH Industrial by 14.8% during the third quarter. JPMorgan Chase & Co. now owns 8,328,262 shares of the company’s stock worth $90,364,000 after purchasing an additional 1,072,138 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays dropped their target price 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. Citigroup lifted their price objective on shares of CNH Industrial from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Cfra reaffirmed a “hold” rating and issued a $11.00 price objective on shares of CNH Industrial in a report on Monday, November 10th. Truist Financial set a $12.00 price objective on shares of CNH Industrial in a research note on Wednesday, January 14th. Finally, Wall Street Zen raised shares of CNH Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Eight research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.37.

CNH Industrial Stock Down 2.1%

CNH Industrial stock opened at $11.16 on Friday. The business’s 50-day moving average price is $11.32 and its 200 day moving average price is $10.75. The company has a quick ratio of 11.36, a current ratio of 13.34 and a debt-to-equity ratio of 3.44. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.65 and a beta of 1.24. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.27.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.91 billion. CNH Industrial had a return on equity of 8.90% and a net margin of 2.82%.CNH Industrial’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. CNH Industrial has set its FY 2026 guidance at 0.350-0.450 EPS. As a group, sell-side analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

CNH Industrial Company Profile

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.