Avanza Fonder AB Invests $1.12 Million in CNH GLOBAL N V Foreign (NYSE:CNH)

Avanza Fonder AB acquired a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 90,852 shares of the company's stock, valued at approximately $1,121,000.

Other large investors have also added to or reduced their stakes in the company. Moore Capital Management LP purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $10,166,000. Wealth Enhancement Advisory Services LLC bought a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth approximately $1,233,000. Integrated Wealth Concepts LLC purchased a new stake in CNH GLOBAL N V Foreign in the 4th quarter worth approximately $163,000. Eisler Capital Management Ltd. bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $2,985,000. Finally, Deprince Race & Zollo Inc. bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $9,345,000. Institutional investors own 59.88% of the company's stock.

Insider Activity

In other CNH GLOBAL N V Foreign news, CFO Oddone Incisa sold 22,515 shares of the company's 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 $285,940.50. Following the completion of the transaction, the chief financial officer now owns 856,574 shares of the company's stock, valued at $10,878,489.80. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kelly Manley sold 3,575 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $45,402.50. Following the transaction, the insider now directly owns 161,473 shares in the company, valued at $2,050,707.10. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,246 shares of company stock valued at $511,732. Insiders own 0.23% of the company's stock.

CNH GLOBAL N V Foreign Trading Down 1.3%

Shares of NYSE CNH traded down $0.17 during midday trading on Thursday, reaching $12.77. The company had a trading volume of 9,460,693 shares, compared to its average volume of 13,591,016. The stock has a market cap of $15.96 billion, a PE ratio of 12.40 and a beta of 1.52. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87. The firm's fifty day moving average price is $12.26 and its 200-day moving average price is $12.25. 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 released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share 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 firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. The business's revenue for the quarter was down 20.5% on a year-over-year basis. On average, equities research analysts anticipate 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 disclosed an annual dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were given a $0.25 dividend. This represents a dividend yield of 3.8%. The ex-dividend date was Wednesday, May 21st. CNH GLOBAL N V Foreign's payout ratio is 57.32%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CNH. Citigroup increased their price objective on CNH GLOBAL N V Foreign from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Wall Street Zen started coverage on CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They set a "sell" rating for the company. Northland Capmk raised shares of 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 cut shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Northland Securities upgraded shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.08.

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.