Wealth Enhancement Advisory Services LLC Purchases Shares of 108,798 CNH GLOBAL N V Foreign (NYSE:CNH)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 108,798 shares of the company's stock, valued at approximately $1,233,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNH. QSM Asset Management Ltd acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $7,412,000. Shufro Rose & Co. LLC purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at about $286,000. Forum Financial Management LP purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $417,000. Vise Technologies Inc. bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth approximately $173,000. Finally, Poehling Capital Management INC. bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth approximately $3,016,000. 59.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Oppenheimer cut their target price on shares of 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. Northland Capmk raised shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Citigroup upped their price target on shares of CNH GLOBAL N V Foreign from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 30th. 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. Finally, Truist Financial lowered their target price on 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. 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.08.

CNH GLOBAL N V Foreign Price Performance

Shares of CNH GLOBAL N V Foreign stock traded up $0.05 during trading on Wednesday, hitting $12.93. The stock had a trading volume of 13,751,909 shares, compared to its average volume of 13,576,891. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. The firm has a market cap of $16.15 billion, a P/E ratio of 12.55 and a beta of 1.52. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The business has a fifty day moving average of $12.22 and a two-hundred day moving average of $12.25.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The company's quarterly revenue was down 20.5% on a year-over-year basis. On average, sell-side analysts expect 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 business also recently announced an annual dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is presently 57.32%.

Insider Activity at CNH GLOBAL N V Foreign

In related news, insider Kelly Manley sold 3,575 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $45,402.50. Following the sale, the insider now owns 161,473 shares of the company's stock, valued at $2,050,707.10. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Suzanne Heywood sold 11,053 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $140,373.10. Following the completion of the transaction, the director now owns 566,905 shares of the company's stock, valued at $7,199,693.50. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,246 shares of company stock valued at $511,732 in the last three months. Corporate insiders own 0.23% of the company's stock.

About CNH GLOBAL N V Foreign

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.