Balyasny Asset Management L.P. Purchases New Stake in CNH GLOBAL N V Foreign (NYSE:CNH)

Balyasny Asset Management L.P. bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,156,538 shares of the company's stock, valued at approximately $13,104,000. Balyasny Asset Management L.P. owned approximately 0.09% of CNH GLOBAL N V Foreign at the end of the most recent quarter.

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

Insider Buying and Selling

In other CNH GLOBAL N V Foreign news, CFO Oddone Incisa sold 32,910 shares of the company'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 sale, the chief financial officer now owns 821,156 shares in the company, valued at $9,558,255.84. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gerrit A. Marx sold 320,472 shares of CNH GLOBAL N V Foreign stock in a transaction 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 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 392,620 shares of company stock worth $4,570,097. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CNH shares. JPMorgan Chase & Co. lifted their target price on shares of CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. StockNews.com assumed coverage on CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. Oppenheimer reduced their price objective 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. Robert W. Baird restated a "neutral" rating and set a $15.00 price objective (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.75.

CNH GLOBAL N V Foreign Stock Up 1.3 %

Shares of NYSE:CNH traded up $0.16 during mid-day trading on Friday, reaching $12.77. 12,000,123 shares of the stock were exchanged, compared to its average volume of 12,890,643. The company has a market cap of $15.96 billion, a P/E ratio of 12.40 and a beta of 1.50. The stock's 50 day simple moving average is $12.05 and its 200-day simple moving average is $11.96. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The company 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 net margin of 6.62% and a return on equity of 18.00%. The firm's revenue for the quarter was down 20.5% compared to the same quarter last year. As a group, equities 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. Investors of record on Wednesday, May 21st will be given a $0.25 dividend. This represents a dividend 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 currently 57.32%.

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.