Ariel Investments LLC Purchases New Stake in CNH GLOBAL N V Foreign (NYSE:CNH)

Ariel Investments LLC acquired a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,257,609 shares of the company's stock, valued at approximately $25,579,000. Ariel Investments LLC owned 0.18% of CNH GLOBAL N V Foreign as of its most recent SEC filing.

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

CNH GLOBAL N V Foreign Stock Down 0.2 %

CNH stock opened at $12.39 on Friday. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 12.03 and a beta of 1.43. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The firm has a fifty day moving average price of $12.05 and a two-hundred day moving average price of $11.90. 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 (NYSE:CNH - Get Free Report) last released its quarterly earnings data 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. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The company's revenue for the quarter was down 20.5% on a year-over-year basis. Research analysts predict that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

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

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 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 $3,730,294.08. Following the sale, the chief executive officer now owns 375,136 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Oddone Incisa sold 32,910 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 392,620 shares of company stock worth $4,570,097. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CNH has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of CNH GLOBAL N V Foreign from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on shares of CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Northland Capmk raised shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Robert W. Baird reaffirmed a "neutral" rating and set a $15.00 target price (down from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. Finally, Truist Financial reduced their price target on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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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