Two Sigma Investments LP Acquires Shares of 115,844 CNH GLOBAL N V Foreign (NYSE:CNH)

Two Sigma Investments LP acquired a new stake in 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 (SEC). The institutional investor acquired 115,844 shares of the company's stock, valued at approximately $1,313,000.

A number of other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. increased its stake in 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 valued at $655,624,000 after buying an additional 664,191 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $361,990,000. Vanguard Group Inc. purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $359,303,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $233,474,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $162,095,000. Institutional investors own 59.88% of the company's stock.

Insider Buying and Selling

In other CNH GLOBAL N V Foreign news, CTO Jay Schroeder sold 2,154 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $27,355.80. Following the transaction, the chief technology officer now owns 32,762 shares in the company, valued at approximately $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suzanne Heywood sold 11,053 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the transaction, the director now owns 566,905 shares in the company, valued at $7,199,693.50. The trade was a 1.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,246 shares of company stock worth $511,732 in the last 90 days. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Oppenheimer decreased their price target on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. 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. Evercore ISI raised their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Citigroup raised their price objective on shares of CNH GLOBAL N V Foreign from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Morgan Stanley cut their price objective on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.08.

CNH GLOBAL N V Foreign Price Performance

Shares of NYSE CNH traded up $0.18 during mid-day trading on Friday, reaching $12.73. 13,087,705 shares of the company were exchanged, compared to its average volume of 13,516,574. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $15.91 billion, a PE ratio of 12.36 and a beta of 1.52. The company's 50 day moving average price is $12.14 and its 200 day moving average price is $12.21.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) 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 the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The firm's quarterly revenue was down 20.5% compared to the same quarter last year. Sell-side 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 announced an annual dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were given a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 21st. CNH GLOBAL N V Foreign's payout ratio is presently 57.32%.

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.