568,747 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Purchased by Albar Capital Partners LLP

Albar Capital Partners LLP bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 568,747 shares of the company's stock, valued at approximately $6,444,000. CNH GLOBAL N V Foreign accounts for 1.5% of Albar Capital Partners LLP's holdings, making the stock its 16th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of CNH. LGT Financial Advisors LLC bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at about $32,000. Jane Street Group LLC bought a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at about $15,238,000. Voleon Capital Management LP purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth approximately $1,235,000. Utah Retirement Systems purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth approximately $1,636,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $1,311,000. Institutional investors own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

NYSE CNH traded up $0.03 on Monday, reaching $12.43. 10,810,063 shares of the company's stock traded hands, compared to its average volume of 12,880,645. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 12.07 and a beta of 1.43. The stock has a 50 day moving average price of $12.05 and a 200-day moving average price of $11.91.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate 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 company's revenue was down 20.5% compared to the same quarter last year. Equities research analysts predict that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be paid a $0.25 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio is currently 45.63%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNH. Robert W. Baird reaffirmed a "neutral" rating and issued a $15.00 price target (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Citigroup boosted their target price on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday. UBS Group reduced 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 research report on Monday, April 7th. Baird R W downgraded CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. 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 on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have given 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $14.50.

Insider Activity at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the transaction, the chief executive officer now owns 375,136 shares in the company, valued at approximately $4,366,583.04. This represents a 46.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Oddone Incisa sold 32,910 shares of the firm'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 completion of the sale, the chief financial officer now directly owns 821,156 shares in the company, valued at approximately $9,558,255.84. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 392,620 shares of company stock worth $4,570,097 in the last three months. Company insiders own 1.00% of the company's stock.

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.