164,641 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC acquired a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 164,641 shares of the company's stock, valued at approximately $1,864,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $163,000. Eisler Capital Management Ltd. acquired a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $2,985,000. Deprince Race & Zollo Inc. acquired a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $9,345,000. Captrust Financial Advisors acquired a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $2,287,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $1,311,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH GLOBAL N V Foreign Stock Down 1.5%

Shares of CNH GLOBAL N V Foreign stock traded down $0.19 during trading hours on Friday, hitting $12.77. 17,826,470 shares of the company's stock traded hands, compared to its average volume of 13,125,049. The stock has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $12.09. 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 $15.96 billion, a PE ratio of 12.40 and a beta of 1.50. CNH GLOBAL N V Foreign has a twelve month low of $9.28 and a twelve month high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last released its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $4.47 billion. The company's revenue was down 20.5% compared to the same quarter last year. Equities research analysts anticipate 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 business also recently declared an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. 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 payout ratio is currently 57.32%.

Analyst Ratings Changes

A number of research analysts have weighed in on CNH shares. Citigroup lifted their price target on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Oppenheimer lowered their price target on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen started coverage on CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They issued a "sell" rating for the company. Baird R W lowered CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Truist Financial lowered their target price on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.92.

Insider Buying and Selling

In other CNH GLOBAL N V Foreign news, insider Kelly Manley sold 3,575 shares of the company's 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 $45,402.50. Following the sale, the insider now owns 161,473 shares in the company, valued at $2,050,707.10. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Suzanne Heywood sold 11,053 shares of the firm's 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 completion of the sale, the director now owns 566,905 shares in the company, valued at $7,199,693.50. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,866 shares of company stock worth $5,081,828. Corporate insiders own 0.23% of the company's stock.

About CNH GLOBAL N V Foreign

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.