Bank Pictet & Cie Europe AG Sells 115,255 Shares of CNH Industrial N.V. $CNH

Bank Pictet & Cie Europe AG cut its holdings in CNH Industrial N.V. (NYSE:CNH) by 53.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,138 shares of the company’s stock after selling 115,255 shares during the period. Bank Pictet & Cie Europe AG’s holdings in CNH Industrial were worth $1,076,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in shares of CNH Industrial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company’s stock worth $3,947,000 after purchasing an additional 999 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of CNH Industrial by 1.9% in the second quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company’s stock valued at $755,000 after buying an additional 1,066 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of CNH Industrial by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 246,000 shares of the company’s stock valued at $3,188,000 after buying an additional 1,100 shares during the period. Daiwa Securities Group Inc. grew its position in CNH Industrial by 0.6% during the second quarter. Daiwa Securities Group Inc. now owns 180,900 shares of the company’s stock worth $2,344,000 after buying an additional 1,100 shares in the last quarter. Finally, MAI Capital Management increased its stake in CNH Industrial by 17.0% during the 2nd quarter. MAI Capital Management now owns 7,796 shares of the company’s stock worth $101,000 after acquiring an additional 1,133 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

Insider Activity

In other news, Director Suzanne Heywood purchased 52,522 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $9.52 per share, for a total transaction of $500,009.44. Following the purchase, the director owned 619,427 shares of the company’s stock, valued at approximately $5,896,945.04. The trade was a 9.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vagn O. Sorensen acquired 10,385 shares of CNH Industrial stock in a transaction that occurred on Tuesday, November 11th. The shares were purchased at an average price of $9.62 per share, for a total transaction of $99,903.70. Following the transaction, the director directly owned 40,396 shares in the company, valued at $388,609.52. The trade was a 34.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 73,007 shares of company stock worth $700,182. Insiders own 1.00% of the company’s stock.

CNH Industrial Trading Down 1.2%

CNH opened at $9.23 on Friday. The company has a market cap of $11.50 billion, a P/E ratio of 19.64 and a beta of 1.29. The company has a current ratio of 13.01, a quick ratio of 10.82 and a debt-to-equity ratio of 3.49. The company’s 50 day moving average is $9.76 and its 200-day moving average is $11.21. CNH Industrial N.V. has a 1-year low of $9.00 and a 1-year high of $14.27.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). CNH Industrial had a net margin of 3.35% and a return on equity of 8.32%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the company earned $0.24 EPS. CNH Industrial’s revenue for the quarter was down 5.5% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. Equities research analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of CNH Industrial in a research report on Monday. DA Davidson reduced their price objective on shares of CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Industrial Alliance Securities set a $10.00 target price on shares of CNH Industrial in a research report on Thursday, November 27th. UBS Group cut their price target on shares of CNH Industrial from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, Citigroup reduced their price target on shares of CNH Industrial from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.09.

CNH Industrial 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.