Deprince Race & Zollo Inc. Acquires New Stake in CNH GLOBAL N V Foreign (NYSE:CNH)

Deprince Race & Zollo Inc. acquired a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 824,827 shares of the company's stock, valued at approximately $9,345,000. Deprince Race & Zollo Inc. owned 0.07% of CNH GLOBAL N V Foreign at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CNH. Franklin Resources Inc. grew its position in CNH GLOBAL N V Foreign by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock worth $655,624,000 after buying an additional 664,191 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $361,990,000. Vanguard Group Inc. bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $359,303,000. Charles Schwab Investment Management Inc. acquired a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at $233,474,000. Finally, Dimensional Fund Advisors LP bought a new position in CNH GLOBAL N V Foreign in the fourth quarter worth $162,095,000. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Trading Down 0.2%

NYSE CNH traded down $0.03 during trading on Wednesday, hitting $13.34. 9,283,377 shares of the company's stock traded hands, compared to its average volume of 17,461,209. The firm has a market cap of $16.67 billion, a P/E ratio of 12.95 and a beta of 1.50. CNH GLOBAL N V Foreign has a 12-month low of $9.28 and a 12-month high of $13.86. The stock has a fifty day moving average of $12.08 and a two-hundred day moving average of $11.98. 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 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 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 the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign's quarterly revenue was down 20.5% compared to the same quarter last year. As a group, sell-side analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm 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 dividend of $0.25 per share. 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 57.32%.

Analyst Ratings Changes

CNH has been the topic of several recent analyst reports. Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Robert W. Baird reissued a "neutral" rating and set a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Truist Financial dropped their target price on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group increased their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Baird R W downgraded CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. 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 company. Based on data from MarketBeat, CNH GLOBAL N V Foreign currently has an average rating of "Moderate Buy" and an average price target of $14.75.

Insider Buying and Selling

In related news, 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 sale, the chief financial officer now owns 821,156 shares of the company's stock, valued at $9,558,255.84. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerrit A. Marx sold 320,472 shares of the business's 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 in the company, valued at $4,366,583.04. The trade was a 46.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 431,917 shares of company stock worth $5,069,169. 1.00% of the stock is owned by insiders.

CNH GLOBAL N V Foreign 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.