Quantinno Capital Management LP Makes New $2.17 Million Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

Quantinno Capital Management LP acquired a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 191,844 shares of the company's stock, valued at approximately $2,174,000.

Several other hedge funds have also added to or reduced their stakes in CNH. Franklin Resources Inc. raised its position in shares of CNH GLOBAL N V Foreign by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock valued at $655,624,000 after purchasing an additional 664,191 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $361,990,000. Vanguard Group Inc. bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $359,303,000. Charles Schwab Investment Management Inc. bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $233,474,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $162,095,000. Institutional investors own 59.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CNH shares. Truist Financial lowered their price target on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a research 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 target on the stock in a research report on Friday, April 11th. UBS Group boosted their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Robert W. Baird reaffirmed a "neutral" rating and set a $15.00 target price (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Finally, Oppenheimer decreased 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CNH GLOBAL N V Foreign presently has a consensus rating of "Moderate Buy" and an average target price of $14.92.

CNH GLOBAL N V Foreign Price Performance

Shares of NYSE:CNH traded down $0.19 during trading on Friday, reaching $12.77. The company had a trading volume of 17,826,470 shares, compared to its average volume of 13,154,979. The company has a fifty day moving average of $12.13 and a two-hundred day moving average of $12.10. The stock has a market capitalization of $15.96 billion, a P/E ratio of 12.40 and a beta of 1.50. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54.

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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $4.47 billion. The business's revenue for the quarter was down 20.5% compared to the same quarter last year. Equities research analysts forecast 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 firm also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is 57.32%.

Insider Activity

In other CNH GLOBAL N V Foreign news, CTO Jay Schroeder sold 2,154 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 transaction of $27,355.80. Following the completion of the sale, the chief technology officer now owns 32,762 shares of the company's stock, valued at $416,077.40. This represents a 6.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Suzanne Heywood sold 24,213 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $281,839.32. Following the sale, the director now directly owns 551,858 shares of the company's stock, 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. In the last 90 days, insiders sold 432,866 shares of company stock valued at $5,081,828. Corporate insiders own 0.23% of the company's stock.

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.