Bank Pictet & Cie Europe AG Buys 84,138 Shares of CNH Industrial N.V. $CNH

Key Points

• Bank Pictet & Cie Europe AG increased its stake in CNH Industrial N.V. by 64.6% during the 2nd quarter, acquiring an additional 84,138 shares and bringing their total ownership to 214,393 shares valued at approximately $2.779 million.
• Other major institutional investors, such as Vanguard Group Inc. and Alliancebernstein L.P., also significantly increased their holdings in CNH Industrial, reflecting a growing institutional interest in the company.
• CNH Industrial reported an EPS of $0.17 for Q2, beating analysts' expectations, despite a 14.2% year-over-year decline in quarterly revenue.

Bank Pictet & Cie Europe AG increased its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 64.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 214,393 shares of the company's stock after buying an additional 84,138 shares during the period. Bank Pictet & Cie Europe AG's holdings in CNH Industrial were worth $2,779,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CNH. Vanguard Group Inc. boosted its holdings in shares of CNH Industrial by 186.0% during the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock worth $1,113,847,000 after buying an additional 58,991,632 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of CNH Industrial by 125.8% during the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock worth $223,750,000 after buying an additional 10,149,760 shares during the period. Nuveen LLC bought a new stake in shares of CNH Industrial during the 1st quarter worth about $29,143,000. Invesco Ltd. boosted its holdings in shares of CNH Industrial by 89.1% during the 1st quarter. Invesco Ltd. now owns 4,907,506 shares of the company's stock worth $60,264,000 after buying an additional 2,311,887 shares during the period. Finally, Rheos Capital Works Inc. bought a new stake in shares of CNH Industrial during the 1st quarter worth about $24,928,000. Institutional investors own 59.88% of the company's stock.

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total transaction of $153,755.63. Following the sale, the insider directly owned 14,940 shares of the company's stock, valued at $187,198.20. The trade was a 45.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

CNH Industrial Price Performance

CNH stock opened at $10.80 on Friday. The company has a 50 day simple moving average of $11.98 and a 200 day simple moving average of $12.35. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 16.61 and a beta of 1.51. CNH Industrial N.V. has a 1 year low of $10.00 and a 1 year high of $14.27. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $4.71 billion during the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The firm's quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Research analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

CNH has been the subject of several research analyst reports. Citigroup lifted their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, September 2nd. Finally, Oppenheimer dropped 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 note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.95.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.

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