Cetera Investment Advisers Takes $669,000 Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Cetera Investment Advisers purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 59,005 shares of the company's stock, valued at approximately $669,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Captrust Financial Advisors purchased a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $2,287,000. Balyasny Asset Management L.P. bought a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at about $13,104,000. Bank of America Corp DE bought a new stake in CNH GLOBAL N V Foreign in the fourth quarter worth about $46,967,000. American Trust Investment Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth approximately $712,000. Finally, Ariel Investments LLC acquired a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at $25,579,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on CNH shares. Evercore ISI raised their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Oppenheimer decreased their price target on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. 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. Truist Financial decreased their price target on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group lifted their target price on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.92.

CNH GLOBAL N V Foreign Stock Performance

NYSE CNH traded up $0.07 during trading hours on Friday, hitting $12.72. 3,772,930 shares of the stock were exchanged, compared to its average volume of 13,247,942. 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 quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. The company has a market cap of $15.89 billion, a price-to-earnings ratio of 12.34 and a beta of 1.50. The stock has a 50-day moving average of $12.13 and a 200 day moving average of $12.14.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $4.47 billion. The business's quarterly revenue was down 20.5% on a year-over-year basis. As a group, 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 business also recently announced an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.25 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's 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 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 transaction, the director now owns 551,858 shares of the company's stock, valued at approximately $6,423,627.12. The trade was a 4.20% 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 the SEC website. Also, CEO Gerrit A. Marx sold 320,472 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 value of $3,730,294.08. Following the sale, the chief executive officer now owns 375,136 shares in the company, valued at approximately $4,366,583.04. This trade represents a 46.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is currently owned by corporate insiders.

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.