128,392 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 128,392 shares of the company's stock, valued at approximately $1,455,000.

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

CNH GLOBAL N V Foreign Price Performance

NYSE CNH opened at $12.39 on Friday. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 12.03 and a beta of 1.43. The business's fifty day moving average price is $12.05 and its 200-day moving average price is $11.90.

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

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be issued 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 dividend payout ratio is currently 45.63%.

Insiders Place Their Bets

In other news, CEO Gerrit A. Marx sold 320,472 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $3,730,294.08. Following the transaction, the chief executive officer now owns 375,136 shares of the company's stock, valued at $4,366,583.04. This trade represents a 46.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Oddone Incisa sold 32,910 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $383,072.40. Following the transaction, the chief financial officer now owns 821,156 shares of the company's stock, valued at approximately $9,558,255.84. This trade represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 392,620 shares of company stock worth $4,570,097. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CNH. Truist Financial decreased their target price 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 note on Tuesday, April 8th. UBS Group dropped their target price on CNH GLOBAL N V Foreign from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Oppenheimer reduced their price target on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Northland Securities upgraded shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research note on Friday, April 11th. Finally, Sanford C. Bernstein upgraded shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $11.00 to $17.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CNH GLOBAL N V Foreign presently has an average rating of "Moderate Buy" and a consensus target price of $14.33.

About CNH GLOBAL N V Foreign

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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