Nissay Asset Management Corp Japan ADV Invests $1.23 Million in CNH GLOBAL N V Foreign (NYSE:CNH)

Nissay Asset Management Corp Japan ADV acquired a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 108,883 shares of the company's stock, valued at approximately $1,229,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNH. Colonial Trust Co SC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $25,000. Quent Capital LLC acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $26,000. Finally, Farther Finance Advisors LLC acquired a new position in CNH GLOBAL N V Foreign during the fourth quarter worth about $27,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CNH GLOBAL N V Foreign news, 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 value of $150,563.40. Following the sale, the insider now directly owns 417,384 shares of the company's stock, valued at approximately $4,858,349.76. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign stock in a transaction 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 directly owns 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 432,866 shares of company stock worth $5,081,828 over the last 90 days. Corporate insiders own 0.23% of the company's stock.

CNH GLOBAL N V Foreign Trading Up 0.9%

Shares of NYSE CNH traded up $0.11 during trading on Thursday, reaching $12.96. The stock had a trading volume of 16,436,738 shares, compared to its average volume of 13,063,108. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. The business's 50-day moving average price is $12.14 and its 200-day moving average price is $12.08. The company has a market cap of $16.19 billion, a P/E ratio of 12.58 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The company 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%. CNH GLOBAL N V Foreign's revenue for the quarter was down 20.5% compared to the same quarter last year. On average, equities research analysts predict 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 will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio is presently 57.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CNH shares. Oppenheimer lowered their target price on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. UBS Group lifted their price target on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Citigroup raised their price objective on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Robert W. Baird reiterated a "neutral" rating and issued a $15.00 target price (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Finally, Baird R W downgraded shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. 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 given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $14.92.

CNH GLOBAL N V Foreign 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.