Bank Pictet & Cie Europe AG Has $1.08 Million Stock Holdings in CNH Industrial N.V. $CNH

Bank Pictet & Cie Europe AG trimmed its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 53.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,138 shares of the company’s stock after selling 115,255 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in CNH Industrial were worth $1,076,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Transamerica Financial Advisors LLC lifted its holdings in shares of CNH Industrial by 923.2% during the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock worth $47,000 after purchasing an additional 3,296 shares during the period. Advantage Trust Co bought a new position in CNH Industrial during the 2nd quarter worth $54,000. Headlands Technologies LLC acquired a new position in CNH Industrial during the 2nd quarter worth about $61,000. IFP Advisors Inc grew its position in shares of CNH Industrial by 425.4% in the 2nd quarter. IFP Advisors Inc now owns 6,484 shares of the company’s stock valued at $84,000 after buying an additional 5,250 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of CNH Industrial in the 2nd quarter valued at about $88,000. Institutional investors own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CNH. Raymond James Financial lowered their price objective on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Cfra restated a “hold” rating and set a $11.00 price target on shares of CNH Industrial in a report on Monday, November 10th. JPMorgan Chase & Co. downgraded shares of CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price target on the stock. in a research report on Friday, November 28th. Oppenheimer decreased their price objective on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CNH Industrial in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, CNH Industrial presently has a consensus rating of “Moderate Buy” and an average target price of $13.09.

Insider Buying and Selling at CNH Industrial

In related news, Director Suzanne Heywood acquired 52,522 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average price of $9.52 per share, for a total transaction of $500,009.44. Following the completion of the acquisition, the director owned 619,427 shares of the company’s stock, valued at approximately $5,896,945.04. This trade represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Howard W. Buffett acquired 4,100 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were bought at an average cost of $10.29 per share, for a total transaction of $42,189.00. Following the transaction, the director directly owned 33,403 shares in the company, valued at approximately $343,716.87. This represents a 13.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 73,007 shares of company stock valued at $700,182. Corporate insiders own 1.00% of the company’s stock.

CNH Industrial Price Performance

CNH Industrial stock opened at $9.23 on Friday. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 19.64 and a beta of 1.29. CNH Industrial N.V. has a 52-week low of $9.00 and a 52-week high of $14.27. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01. The stock’s 50 day moving average price is $9.76 and its two-hundred day moving average price is $11.21.

CNH Industrial (NYSE:CNH) last released its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share 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 quarter in the prior year, the firm earned $0.24 EPS. The business’s revenue was down 5.5% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. On average, equities analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

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.