Legacy Wealth Asset Management LLC Makes New $907,000 Investment in CNH Industrial N.V. $CNH

Legacy Wealth Asset Management LLC bought a new position in CNH Industrial N.V. (NYSE:CNH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 70,575 shares of the company’s stock, valued at approximately $907,000.

Other large investors have also bought and sold shares of the company. Bessemer Group Inc. grew its position in CNH Industrial by 4.0% during the 1st quarter. Bessemer Group Inc. now owns 29,415 shares of the company’s stock valued at $323,000 after purchasing an additional 1,121 shares during the last quarter. Cloverfields Capital Group LP increased its stake in shares of CNH Industrial by 1.0% in the 1st quarter. Cloverfields Capital Group LP now owns 136,220 shares of the company’s stock worth $1,498,000 after purchasing an additional 1,304 shares in the last quarter. Evolve Private Wealth LLC lifted its holdings in CNH Industrial by 8.2% during the first quarter. Evolve Private Wealth LLC now owns 20,532 shares of the company’s stock valued at $226,000 after purchasing an additional 1,554 shares in the last quarter. Parallel Advisors LLC grew its position in shares of CNH Industrial by 33.4% during the first quarter. Parallel Advisors LLC now owns 6,325 shares of the company’s stock worth $70,000 after purchasing an additional 1,585 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of CNH Industrial by 41.2% during the first quarter. Fifth Third Bancorp now owns 6,932 shares of the company’s stock valued at $76,000 after buying an additional 2,021 shares during the last quarter. 59.88% of the stock is owned by institutional investors.

CNH Industrial Stock Performance

Shares of CNH stock opened at $11.39 on Friday. The firm has a 50 day moving average of $12.36 and a two-hundred day moving average of $11.25. The stock has a market capitalization of $14.10 billion, a PE ratio of 45.58 and a beta of 1.20. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.46. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33.

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

Wall Street Analyst Weigh In

Several research analysts have commented on CNH shares. Citigroup increased their price objective on shares of CNH Industrial from $12.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Evercore raised CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Wednesday, September 2nd. Robert W. Baird upgraded shares of CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research report on Monday, August 31st. JPMorgan Chase & Co. lifted their price objective on shares of CNH Industrial from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Weiss Ratings upgraded CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.30.

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.