Pioneer Investment Management INC Has Cut Its Cnh Indl N V (CNHI) Stake by $29.12 Million as Market Value Rose

October 13, 2018 - By Winifred Garcia

CNH Industrial N.V. (NYSE:CNHI) Logo

Pioneer Investment Management Inc decreased its stake in Cnh Indl N V (CNHI) by 17.14% based on its latest 2018Q2 regulatory filing with the SEC. Pioneer Investment Management Inc sold 2.91 million shares as the company’s stock rose 0.34% with the market. The institutional investor held 14.07 million shares of the construction and ag equipment and trucks company at the end of 2018Q2, valued at $148.20M, down from 16.99 million at the end of the previous reported quarter. Pioneer Investment Management Inc who had been investing in Cnh Indl N V for a number of months, seems to be less bullish one the $15.11 billion market cap company. It closed at $11.15 lastly. It is down 2.78% since October 13, 2017 and is uptrending. It has underperformed by 12.84% the S&P500.

Pioneer Investment Management Inc, which manages about $65.36 billion and $69.37B US Long portfolio, upped its stake in Insmed Inc (Prn) by 22.00 million shares to 22.54 million shares, valued at $69.58 million in 2018Q2, according to the filing. It also increased its holding in Yandex N V (NASDAQ:YNDX) by 666,070 shares in the quarter, for a total of 1.61M shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Analysts await CNH Industrial N.V. (NYSE:CNHI) to report earnings on October, 30. They expect $0.13 EPS, up 18.18 % or $0.02 from last year’s $0.11 per share. CNHI’s profit will be $176.22M for 21.44 P/E if the $0.13 EPS becomes a reality. After $0.28 actual EPS reported by CNH Industrial N.V. for the previous quarter, Wall Street now forecasts -53.57 % negative EPS growth.

More important recent CNH Industrial N.V. (NYSE:CNHI) news were published by: Globenewswire.com which released: “CNH Industrial celebrates Manufacturing Day with industrial sector peers” on October 05, 2018, also Seekingalpha.com published article titled: “Oakmark Global Select Fund: Third Quarter 2018”, Globenewswire.com published: “CNH Industrial General Counsel receives Top Corporate Counsel Award” on September 17, 2018. More interesting news about CNH Industrial N.V. (NYSE:CNHI) was released by: Globenewswire.com and their article: “CNH Industrial hosts US Representative Glenn Grothman at St. Nazianz plant” with publication date: October 04, 2018.

CNH Industrial N.V. (NYSE:CNHI) Ratings Coverage

Among 4 analysts covering CNH Industrial N.V. Common Shares (NYSE:CNHI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. CNH Industrial N.V. Common Shares had 5 analyst reports since April 17, 2018 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Tuesday, April 17. The firm has “Buy” rating by Bank of America given on Monday, July 30. Deutsche Bank maintained the shares of CNHI in report on Wednesday, September 5 with “Hold” rating. The stock of CNH Industrial N.V. (NYSE:CNHI) earned “Hold” rating by Stifel Nicolaus on Monday, July 30. UBS maintained CNH Industrial N.V. (NYSE:CNHI) rating on Thursday, May 24. UBS has “Buy” rating and $17 target.

CNH Industrial N.V. (NYSE:CNHI) Ratings Chart

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