Ensign Peak Advisors Inc Takes $311,000 Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Ensign Peak Advisors Inc purchased a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,450 shares of the company's stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNH. Franklin Resources Inc. grew its position in shares of CNH GLOBAL N V Foreign by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock worth $655,624,000 after acquiring an additional 664,191 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter worth $361,990,000. Vanguard Group Inc. bought a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $359,303,000. Charles Schwab Investment Management Inc. bought a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $233,474,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at about $162,095,000. 59.88% of the stock is owned by institutional investors.

CNH GLOBAL N V Foreign Price Performance

CNH traded up $0.07 on Thursday, reaching $12.92. The company had a trading volume of 2,949,399 shares, compared to its average volume of 13,013,398. The company has a market capitalization of $16.14 billion, a P/E ratio of 12.54 and a beta of 1.50. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The company has a fifty day moving average of $12.14 and a 200-day moving average of $12.08. 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 issued its quarterly 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. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. CNH GLOBAL N V Foreign's quarterly revenue was down 20.5% on a year-over-year basis. As a group, equities research analysts anticipate that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The company 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. The ex-dividend date is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is 57.32%.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other news, CEO Gerrit A. Marx sold 320,472 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 375,136 shares in the company, valued at $4,366,583.04. This represents a 46.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $45,402.50. Following the transaction, the insider now directly owns 161,473 shares in the company, valued at approximately $2,050,707.10. The trade was a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,866 shares of company stock valued at $5,081,828. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNH. Northland Securities raised shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a report on Friday, April 11th. Oppenheimer cut their price target on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen assumed coverage on CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a "sell" rating on the stock. Finally, Truist Financial reduced their price target on shares of 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 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.