DME Capital Management LP Makes New Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

DME Capital Management LP bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,234,720 shares of the company's stock, valued at approximately $115,959,000. CNH GLOBAL N V Foreign comprises approximately 6.0% of DME Capital Management LP's investment portfolio, making the stock its 5th largest holding. DME Capital Management LP owned approximately 0.82% of CNH GLOBAL N V Foreign as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CNH. EverSource Wealth Advisors LLC purchased a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth approximately $25,000. Colonial Trust Co SC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $25,000. Quent Capital LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $26,000. Anchor Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $26,000. Finally, Principal Securities Inc. purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Insiders Place Their Bets

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $3,730,294.08. Following the completion of the transaction, the chief executive officer now directly owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. This trade represents a 46.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kelly Manley sold 3,575 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $45,402.50. Following the completion of the transaction, the insider now directly owns 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 431,917 shares of company stock worth $5,069,169. 1.00% of the stock is owned by insiders.

CNH GLOBAL N V Foreign Stock Up 0.2%

CNH stock traded up $0.02 during trading on Tuesday, hitting $13.32. 8,789,528 shares of the company's stock were exchanged, compared to its average volume of 12,903,404. The business has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $11.98. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 12.93 and a beta of 1.50. CNH GLOBAL N V Foreign has a 52-week low of $9.28 and a 52-week high of $13.87. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The business's revenue was down 20.5% on a year-over-year basis. As a group, equities research analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is currently 57.32%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CNH. Baird R W cut CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Northland Securities raised shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research note on Friday, April 11th. UBS Group raised their target price on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday. Oppenheimer decreased their target price on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial cut their price objective on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.75.

CNH GLOBAL N V Foreign Company Profile

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.