Crestline Management LP Takes $651,000 Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Crestline Management LP acquired a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 57,450 shares of the company's stock, valued at approximately $651,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Artisan Partners Limited Partnership bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $361,990,000. Vanguard Group Inc. bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $359,303,000. Charles Schwab Investment Management Inc. bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $233,474,000. Dimensional Fund Advisors LP bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $162,095,000. Finally, Marathon Asset Management Ltd bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $161,043,000. 59.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CNH has been the topic of a number of research analyst reports. Northland Capmk upgraded CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. StockNews.com initiated coverage on CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a "sell" rating on the stock. UBS Group upped their target price on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Morgan Stanley reduced their price objective on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Baird R W lowered CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, CNH GLOBAL N V Foreign has a consensus rating of "Moderate Buy" and an average price target of $14.75.

CNH GLOBAL N V Foreign Trading Up 0.3%

CNH stock traded up $0.04 during trading on Thursday, hitting $13.37. 11,473,537 shares of the company traded hands, compared to its average volume of 12,957,393. The firm has a market capitalization of $16.70 billion, a PE ratio of 13.00 and a beta of 1.50. CNH GLOBAL N V Foreign has a 1 year low of $9.28 and a 1 year high of $13.87. The company has a 50-day moving average of $12.09 and a 200-day moving average of $12.01. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating 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 company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $4.47 billion. The firm's quarterly revenue was down 20.5% compared to the same quarter last year. 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 firm also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be issued a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is currently 57.32%.

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 shares were sold at an average price of $11.64, for a total value of $3,730,294.08. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Oddone Incisa sold 32,910 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 transaction of $383,072.40. Following the completion of the sale, the chief financial officer now directly 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. In the last 90 days, insiders sold 432,098 shares of company stock worth $5,071,583. 1.00% of the stock is currently owned by company insiders.

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.