Greenwood Capital Associates LLC Buys New Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Greenwood Capital Associates LLC bought a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,386 shares of the company's stock, valued at approximately $619,000.

A number of other hedge funds have also made changes to their positions in CNH. Colonial Trust Co SC acquired a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth $25,000. Quent Capital LLC purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter worth $26,000. Anchor Investment Management LLC acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at $26,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Insider Transactions at CNH GLOBAL N V Foreign

In related news, Director Suzanne Heywood sold 11,053 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the transaction, the director now owns 566,905 shares of the company's stock, valued at approximately $7,199,693.50. This represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Oddone Incisa sold 22,515 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $285,940.50. Following the transaction, the chief financial officer now directly owns 856,574 shares in the company, valued at approximately $10,878,489.80. This represents a 2.56% 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 in the last ninety days. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

CNH has been the subject of several analyst reports. Northland Securities raised 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. Evercore ISI raised their target price 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. Truist Financial dropped their price target on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. 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. Finally, Wall Street Zen started coverage on CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They issued a "sell" rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $15.08.

CNH GLOBAL N V Foreign Price Performance

NYSE CNH traded down $0.20 during mid-day trading on Friday, hitting $12.59. The stock had a trading volume of 19,095,066 shares, compared to its average volume of 13,641,171. The company has a 50 day simple moving average of $12.26 and a 200 day simple moving average of $12.25. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 12.22 and a beta of 1.52. CNH GLOBAL N V Foreign has a 52-week low of $9.28 and a 52-week 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.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The business's revenue for the quarter was down 20.5% compared to the same quarter last year. Equities analysts forecast 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 declared 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 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.