CNH GLOBAL N V Foreign (NYSE:CNH) Stock Holdings Increased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC raised its holdings in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) by 359.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,035 shares of the company's stock after acquiring an additional 97,026 shares during the period. Gateway Investment Advisers LLC's holdings in CNH GLOBAL N V Foreign were worth $1,523,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CNH. SG Americas Securities LLC bought a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at $124,000. DAVENPORT & Co LLC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $269,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $177,000. Choreo LLC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $856,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $1,129,000. Institutional investors own 59.88% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial lowered their price target on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Baird R W cut CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Oppenheimer lowered their price target on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Citigroup lifted their price target 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, May 30th. Finally, Morgan Stanley lowered their price target on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $15.08.

Insider Transactions at CNH GLOBAL N V Foreign

In related news, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $45,402.50. Following the completion of the sale, the insider now owns 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Suzanne Heywood sold 11,053 shares of CNH GLOBAL N V Foreign stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $140,373.10. Following the sale, the director now directly owns 566,905 shares of the company's stock, valued at approximately $7,199,693.50. The trade was a 1.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,246 shares of company stock valued at $511,732 over the last quarter. Company insiders own 1.00% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

Shares of CNH GLOBAL N V Foreign stock opened at $12.73 on Monday. The stock has a market cap of $15.91 billion, a PE ratio of 12.36 and a beta of 1.52. The business has a fifty day simple moving average of $12.14 and a 200-day simple moving average of $12.23. 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 has a 12 month low of $9.28 and a 12 month high of $13.87.

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, 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 company's revenue for the quarter was down 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were given a $0.25 dividend. The ex-dividend date was Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is presently 57.32%.

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.

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