Teza Capital Management LLC Takes $2.56 Million Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Teza Capital Management LLC bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 225,669 shares of the company's stock, valued at approximately $2,557,000.

A number of other hedge funds have also added to or reduced their stakes in CNH. Artisan Partners Limited Partnership bought a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth about $361,990,000. Vanguard Group Inc. bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth about $359,303,000. Charles Schwab Investment Management Inc. bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth about $233,474,000. Dimensional Fund Advisors LP acquired a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $162,095,000. Finally, Marathon Asset Management Ltd bought a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $161,043,000. Institutional investors own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

CNH stock traded down $0.16 during mid-day trading on Friday, hitting $12.81. 9,084,115 shares of the company were exchanged, compared to its average volume of 13,069,234. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The stock has a market capitalization of $16.00 billion, a PE ratio of 12.44 and a beta of 1.50. The business has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $12.09. 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 released its quarterly earnings results 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 analysts' expectations of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The firm's revenue was down 20.5% on a year-over-year basis. On average, equities 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 company also recently announced an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio is currently 57.32%.

Insider Activity

In other CNH GLOBAL N V Foreign news, Director Suzanne Heywood sold 24,213 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $281,839.32. Following the transaction, the director now owns 551,858 shares in the company, valued at $6,423,627.12. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stefano Pampalone sold 12,935 shares of CNH GLOBAL N V Foreign stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $150,563.40. Following the completion of the transaction, the insider now directly owns 417,384 shares of the company's stock, valued at $4,858,349.76. This represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,866 shares of company stock valued at $5,081,828. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

CNH has been the topic of a number of analyst reports. Northland Capmk upgraded CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Baird R W lowered shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. UBS Group lifted their price objective 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 restated a "neutral" rating and set a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a research note on Monday, March 3rd. Finally, Wall Street Zen started coverage on shares of CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, CNH GLOBAL N V Foreign has a consensus rating of "Moderate Buy" and an average price target 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.