Cresset Asset Management LLC Purchases Shares of 19,415 CNH GLOBAL N V Foreign (NYSE:CNH)

Cresset Asset Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,415 shares of the company's stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at $25,000. Quent Capital LLC bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at $26,000. Anchor Investment Management LLC bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at $26,000. Principal Securities Inc. bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at $27,000. Finally, Farther Finance Advisors LLC purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at $27,000. 59.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Oppenheimer reduced their price objective 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. UBS Group upped 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. Northland Capmk upgraded CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Morgan Stanley reduced their price target on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird restated a "neutral" rating and issued a $15.00 price target (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.92.

CNH GLOBAL N V Foreign Price Performance

Shares of NYSE CNH traded up $0.11 during mid-day trading on Thursday, reaching $12.96. The company's stock had a trading volume of 16,436,738 shares, compared to its average volume of 13,063,108. The firm has a market capitalization of $16.19 billion, a PE ratio of 12.58 and a beta of 1.50. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The stock has a fifty day moving average of $12.14 and a two-hundred day moving average of $12.08. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87.

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, topping analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates 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 business's revenue for the quarter was down 20.5% on a year-over-year basis. As a group, 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 disclosed an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be paid a $0.25 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is 57.32%.

Insider Transactions at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the completion of the transaction, the chief executive officer now owns 375,136 shares in the company, valued at $4,366,583.04. This trade represents a 46.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stefano Pampalone sold 12,935 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 417,384 shares of the company's stock, valued at $4,858,349.76. This represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 432,866 shares of company stock valued at $5,081,828 over the last 90 days. Company insiders own 0.23% of the company's stock.

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.