Deutsche Bank AG Acquires New Stake in CNH GLOBAL N V Foreign (NYSE:CNH)

Deutsche Bank AG purchased a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,696,037 shares of the company's stock, valued at approximately $19,216,000. Deutsche Bank AG owned 0.14% 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 recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $25,000. Colonial Trust Co SC purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at about $25,000. Quent Capital LLC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $26,000. Anchor Investment Management LLC purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth about $26,000. Finally, Principal Securities Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $27,000. 59.88% of the stock is owned by institutional investors and hedge funds.

CNH GLOBAL N V Foreign Stock Performance

Shares of NYSE:CNH traded up $0.06 on Tuesday, reaching $13.73. The company's stock had a trading volume of 1,569,745 shares, compared to its average volume of 12,994,941. CNH GLOBAL N V Foreign has a 52-week low of $9.28 and a 52-week high of $13.87. The stock has a market capitalization of $17.15 billion, a P/E ratio of 13.30 and a beta of 1.50. The stock's 50-day moving average is $12.12 and its two-hundred day moving average is $12.05. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.83 billion for the quarter, compared to analysts' expectations 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 forecast 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 disclosed 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 of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is 57.32%.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In related news, insider Kelly Manley sold 3,575 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $45,402.50. Following the sale, the insider now directly owns 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This represents a 2.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerrit A. Marx sold 320,472 shares of CNH GLOBAL N V Foreign stock in a transaction dated 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 of the company's stock, valued at approximately $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 three months, insiders sold 432,866 shares of company stock valued at $5,081,828. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CNH shares. Truist Financial cut their price target on 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. Northland Securities raised shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Friday, April 11th. Northland Capmk upgraded CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. UBS Group boosted 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. Finally, Baird R W lowered shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.92.

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.