Ensign Peak Advisors Inc Buys New Stake in CNH GLOBAL N V Foreign (NYSE:CNH)

Ensign Peak Advisors Inc purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 made changes to their positions in the business. Fifth Third Wealth Advisors LLC purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $292,000. Assenagon Asset Management S.A. purchased a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $3,000,000. Park Avenue Securities LLC bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $180,000. Gateway Investment Advisers LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $306,000. Finally, Empirical Asset Management LLC bought a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $266,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Stock Down 0.3%

Shares of CNH traded down $0.04 during trading hours on Tuesday, hitting $13.63. The company had a trading volume of 10,538,011 shares, compared to its average volume of 13,029,234. 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 market capitalization of $17.03 billion, a PE ratio of 13.23 and a beta of 1.50. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87. The company's fifty day moving average price is $12.12 and its two-hundred day moving average price is $12.05.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.10 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 business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. The firm's revenue was down 20.5% on a year-over-year basis. As a group, equities analysts forecast 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 declared an annual dividend, which will be paid on Friday, May 30th. Stockholders 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 of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's payout ratio is presently 57.32%.

Insider Transactions at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the 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 completion of the sale, the chief executive officer now directly owns 375,136 shares in the company, valued at approximately $4,366,583.04. This trade represents a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Suzanne Heywood sold 24,213 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 $281,839.32. Following the sale, the director now owns 551,858 shares in the company, valued at $6,423,627.12. The trade was a 4.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 432,866 shares of company stock valued at $5,081,828. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

CNH has been the topic of a number of analyst reports. Northland Securities upgraded 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. StockNews.com assumed coverage on shares of CNH GLOBAL N V Foreign in a research report on Wednesday, April 30th. They issued a "sell" rating on the stock. Northland Capmk raised CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Citigroup upped their target price on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Truist Financial decreased 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 research note on Tuesday, April 8th. One research 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. Based on data from MarketBeat.com, CNH GLOBAL N V Foreign presently has an average rating of "Moderate Buy" and a consensus target price of $14.92.

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.