MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Invests $2.14 Million in CNH GLOBAL N V Foreign (NYSE:CNH)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 188,428 shares of the company's stock, valued at approximately $2,135,000.

A number of other large investors also recently bought and sold shares of the business. Franklin Resources Inc. lifted its position in CNH GLOBAL N V Foreign by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock valued at $655,624,000 after acquiring an additional 664,191 shares during the period. Artisan Partners Limited Partnership purchased a new position in CNH GLOBAL N V Foreign in the fourth quarter worth about $361,990,000. Vanguard Group Inc. purchased a new position in CNH GLOBAL N V Foreign in the fourth quarter worth about $359,303,000. Charles Schwab Investment Management Inc. purchased a new position in CNH GLOBAL N V Foreign in the fourth quarter worth about $233,474,000. Finally, Dimensional Fund Advisors LP purchased a new position in CNH GLOBAL N V Foreign in the fourth quarter worth about $162,095,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Evercore ISI lifted 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 report on Monday, May 19th. Wall Street Zen assumed coverage on shares of CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They issued a "sell" rating for the company. Morgan Stanley reduced their price target on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Citigroup lifted their price target on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, UBS Group lifted their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. 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, CNH GLOBAL N V Foreign presently has a consensus rating of "Moderate Buy" and an average price target of $14.92.

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 company'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 directly owns 551,858 shares in the company, valued at $6,423,627.12. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stefano Pampalone sold 12,935 shares of the company'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 $150,563.40. Following the completion of the transaction, the insider now owns 417,384 shares of the company's stock, valued at approximately $4,858,349.76. The trade was a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,866 shares of company stock worth $5,081,828. 0.23% of the stock is owned by company insiders.

CNH GLOBAL N V Foreign Stock Performance

NYSE CNH 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 13,154,979. The business's fifty day moving average price is $12.13 and its two-hundred day moving average price is $12.10. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The firm has a market capitalization of $15.96 billion, a P/E ratio of 12.40 and a beta of 1.50. 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 announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $3.83 billion during 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 firm's revenue for the quarter was down 20.5% compared to the same quarter last year. Equities research analysts predict that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

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