Nomura Holdings Inc. Takes Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Nomura Holdings Inc. bought a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 116,008 shares of the company's stock, valued at approximately $1,314,000.

Other hedge funds have also modified their holdings of the company. Moore Capital Management LP purchased a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at about $10,166,000. Integrated Wealth Concepts LLC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $163,000. Eisler Capital Management Ltd. purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $2,985,000. Deprince Race & Zollo Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $9,345,000. Finally, Captrust Financial Advisors acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $2,287,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH GLOBAL N V Foreign Trading Down 1.5%

Shares of CNH stock traded down $0.20 during trading hours on Friday, hitting $12.77. The company had a trading volume of 6,289,176 shares, compared to its average volume of 13,058,978. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The stock has a market capitalization of $15.95 billion, a PE ratio of 12.41 and a beta of 1.50. The company's fifty day moving average is $12.13 and its 200 day moving average is $12.09. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $4.47 billion. The firm's revenue for the quarter was down 20.5% compared to the same quarter last year. Research analysts expect 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 announced an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.25 per share. This represents a yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's payout ratio is 57.32%.

Insider Transactions at CNH GLOBAL N V Foreign

In other news, CTO Jay Schroeder sold 2,154 shares of CNH GLOBAL N V Foreign stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the completion of the transaction, the chief technology officer now owns 32,762 shares in the company, valued at approximately $416,077.40. This trade represents a 6.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerrit A. Marx sold 320,472 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $3,730,294.08. Following the transaction, the chief executive officer now directly owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. This represents a 46.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 432,866 shares of company stock valued at $5,081,828. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on CNH shares. Northland Capmk upgraded CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Northland Securities raised shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research report on Friday, April 11th. Oppenheimer cut their price objective on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. 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 cut shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. 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. According to data from MarketBeat.com, CNH GLOBAL N V Foreign presently has a consensus rating of "Moderate Buy" and an average 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.