Cresset Asset Management LLC Invests $220,000 in CNH GLOBAL N V Foreign (NYSE:CNH)

Cresset Asset Management LLC acquired a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,415 shares of the company's stock, valued at approximately $220,000.

Several other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $25,000. Quent Capital LLC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $26,000. Anchor Investment Management LLC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $26,000. Farther Finance Advisors LLC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $27,000. Finally, Principal Securities Inc. acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $27,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH GLOBAL N V Foreign Stock Performance

CNH stock traded down $0.19 during mid-day trading on Friday, hitting $12.77. The company had a trading volume of 17,826,470 shares, compared to its average volume of 13,154,979. The firm has a market cap of $15.96 billion, a PE ratio of 12.40 and a beta of 1.50. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87. The stock's fifty day moving average price is $12.13 and its two-hundred day moving average price is $12.10.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The business's quarterly revenue was down 20.5% on a year-over-year basis. On average, 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 firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is 57.32%.

Insider Activity at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, Director Suzanne Heywood sold 24,213 shares of the business'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 $281,839.32. Following the completion of the transaction, the director now owns 551,858 shares of the company's stock, valued at $6,423,627.12. The trade was a 4.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerrit A. Marx sold 320,472 shares of the business'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 directly owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. This represents a 46.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,866 shares of company stock valued at $5,081,828. Corporate insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CNH. Robert W. Baird restated a "neutral" rating and set a $15.00 target price (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. Wall Street Zen began coverage on shares of CNH GLOBAL N V Foreign in a research report on Wednesday, April 30th. They set a "sell" rating on the stock. Baird R W lowered shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Northland Securities upgraded shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Friday, April 11th. Finally, Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.92.

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.