225,669 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Bought by Teza Capital Management LLC

Teza Capital Management LLC acquired a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 225,669 shares of the company's stock, valued at approximately $2,557,000.

A number of other hedge funds have also recently added to or reduced their stakes in CNH. 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. acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter worth $359,303,000. Charles Schwab Investment Management Inc. acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter worth $233,474,000. Dimensional Fund Advisors LP acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter worth $162,095,000. Finally, Marathon Asset Management Ltd acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter worth $161,043,000. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

CNH stock opened at $13.70 on Friday. The company has a market capitalization of $17.11 billion, a P/E ratio of 13.30 and a beta of 1.50. The company has a 50-day simple moving average of $12.10 and a 200 day simple moving average of $12.03. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two 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.

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 for the quarter, topping the consensus estimate of $0.09 by $0.01. The business 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 business's revenue was down 20.5% compared to the same quarter last year. Sell-side analysts predict 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. Shareholders of record on Wednesday, May 21st will be given a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is presently 57.32%.

Insiders Place Their Bets

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $3,730,294.08. Following the sale, the chief executive officer now directly owns 375,136 shares in the company, valued at approximately $4,366,583.04. The trade was a 46.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $281,839.32. Following the completion of the sale, the director now owns 551,858 shares in the company, valued at approximately $6,423,627.12. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird reaffirmed a "neutral" rating and issued a $15.00 price objective (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Morgan Stanley reduced their price target 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. 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 for the company in a report on Friday, April 11th. Northland Capmk raised shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Finally, Oppenheimer reduced 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 report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.75.

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.

Want to see what other hedge funds are holding CNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNH GLOBAL N V Foreign (NYSE:CNH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.