156,405 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Bought by BTC Capital Management Inc.

BTC Capital Management Inc. bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 156,405 shares of the company's stock, valued at approximately $1,921,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $25,000. Colonial Trust Co SC acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $25,000. Quent Capital LLC acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $26,000. Finally, Principal Securities Inc. acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CNH shares. Robert W. Baird reissued a "neutral" rating and issued a $15.00 price target (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Citigroup boosted their price objective on CNH GLOBAL N V Foreign from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday. Northland Securities upgraded CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Friday, April 11th. UBS Group boosted their price objective on 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. Finally, Oppenheimer dropped their price target on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $15.08.

CNH GLOBAL N V Foreign Stock Down 0.8%

Shares of NYSE CNH traded down $0.11 on Monday, hitting $12.41. The company had a trading volume of 19,359,126 shares, compared to its average volume of 13,382,882. CNH GLOBAL N V Foreign has a 12-month low of $9.28 and a 12-month high of $13.87. The business has a 50 day moving average of $12.13 and a two-hundred day moving average of $12.17. 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 firm has a market capitalization of $15.50 billion, a P/E ratio of 12.04 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $3.83 billion for 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% compared to the same quarter last year. As a group, equities research 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 company also recently declared an annual dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is presently 57.32%.

Insider Activity

In other news, CTO Jay Schroeder sold 2,154 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value 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 trade represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gerrit A. Marx sold 320,472 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 value of $3,730,294.08. Following the completion of the sale, the chief executive officer now directly owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. This trade represents a 46.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is owned by company insiders.

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.