J. Safra Sarasin Holding AG Cuts Position in CNH Industrial N.V. $CNH

J. Safra Sarasin Holding AG lessened its position in shares of CNH Industrial N.V. (NYSE:CNH) by 73.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,637 shares of the company’s stock after selling 97,796 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in CNH Industrial were worth $462,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in CNH Industrial by 186.0% during the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock valued at $1,113,847,000 after buying an additional 58,991,632 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CNH Industrial by 1.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company’s stock valued at $257,719,000 after buying an additional 395,005 shares in the last quarter. Alliancebernstein L.P. grew its holdings in CNH Industrial by 125.8% during the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock valued at $223,750,000 after buying an additional 10,149,760 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of CNH Industrial by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company’s stock worth $181,481,000 after purchasing an additional 471,610 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of CNH Industrial by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,605,783 shares of the company’s stock worth $105,679,000 after purchasing an additional 36,343 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Price Performance

Shares of CNH stock opened at $10.92 on Friday. CNH Industrial N.V. has a 52-week low of $10.00 and a 52-week high of $14.27. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The firm has a market capitalization of $13.65 billion, a P/E ratio of 16.79 and a beta of 1.51. The stock has a 50 day moving average price of $11.71 and a 200 day moving average price of $12.26.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings results 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. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period last year, the company earned $0.38 EPS. CNH Industrial’s quarterly revenue was down 14.2% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, sell-side analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Analyst Ratings Changes

CNH has been the subject of a number of recent research reports. Oppenheimer dropped their target price on CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. JPMorgan Chase & Co. dropped their target price on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of CNH Industrial in a report on Saturday, September 27th. Finally, The Goldman Sachs Group cut CNH Industrial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, CNH Industrial currently has an average rating of “Moderate Buy” and an average price target of $14.95.

Insider Activity

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total transaction of $153,755.63. Following the completion of the sale, the insider directly owned 14,940 shares of the company’s stock, valued at approximately $187,198.20. This trade represents a 45.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.