188,428 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $25,000. Colonial Trust Co SC purchased a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $25,000. Quent Capital LLC purchased a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $26,000. Finally, Principal Securities Inc. purchased a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at about $27,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNH has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective 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 report on Wednesday, April 16th. UBS Group upped their target price on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Evercore ISI upped their target price on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Oppenheimer cut their target price on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, 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 note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued 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.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other news, CEO Gerrit A. Marx sold 320,472 shares of the 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 $3,730,294.08. Following the completion of the transaction, the chief executive officer now directly owns 375,136 shares in the company, valued at $4,366,583.04. This trade represents a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stefano Pampalone sold 12,935 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 $4,858,349.76. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is owned by company insiders.

CNH GLOBAL N V Foreign Stock Performance

Shares of NYSE:CNH traded up $0.20 during trading hours on Tuesday, hitting $12.96. The stock had a trading volume of 25,436,864 shares, compared to its average volume of 13,204,107. The stock's fifty day simple moving average is $12.12 and its 200 day simple moving average is $12.12. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 12.58 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 (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The business's revenue was down 20.5% compared to the same quarter last year. Sell-side 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 company also recently declared an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is currently 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.