Eisler Capital Management Ltd. Buys New Shares in CNH GLOBAL N V Foreign (NYSE:CNH)

Eisler Capital Management Ltd. purchased a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 268,874 shares of the company's stock, valued at approximately $2,985,000.

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

CNH GLOBAL N V Foreign Price Performance

NYSE CNH traded up $0.53 during trading hours on Monday, reaching $13.30. 19,811,620 shares of the company's stock were exchanged, compared to its average volume of 12,918,891. The stock has a market cap of $16.61 billion, a PE ratio of 12.91 and a beta of 1.50. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87. The firm has a fifty day moving average of $12.05 and a 200-day moving average of $11.96. 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 released its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. The business's revenue was down 20.5% on a year-over-year basis. On average, equities research analysts predict that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CNH. UBS Group boosted their price objective on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley cut their price target on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Northland Capmk raised CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Northland Securities raised CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price target for the company in a report on Friday, April 11th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $15.00 price target (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. One 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.75.

Insider Transactions at CNH GLOBAL N V Foreign

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

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.