Nuveen Asset Management LLC Makes New Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

Nuveen Asset Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,706,239 shares of the company's stock, valued at approximately $41,992,000. Nuveen Asset Management LLC owned 0.30% of CNH GLOBAL N V Foreign at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Artisan Partners Limited Partnership purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $361,990,000. Vanguard Group Inc. bought a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $359,303,000. Charles Schwab Investment Management Inc. acquired a new position in CNH GLOBAL N V Foreign during the 4th quarter worth $233,474,000. Dimensional Fund Advisors LP acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $162,095,000. Finally, Marathon Asset Management Ltd acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $161,043,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Truist Financial lowered their price target on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. 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. Northland Securities upgraded shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Friday, April 11th. Oppenheimer reduced 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, Morgan Stanley decreased their price objective on 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.92.

CNH GLOBAL N V Foreign Stock Performance

Shares of CNH GLOBAL N V Foreign stock opened at $13.67 on Tuesday. The stock's 50-day moving average is $12.12 and its 200-day moving average is $12.05. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 13.27 and a beta of 1.50. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83.

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, beating the consensus estimate of $0.09 by $0.01. The firm 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 was down 20.5% compared to the same quarter last year. Equities analysts predict 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 disclosed an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be given a $0.25 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is presently 57.32%.

Insiders Place Their Bets

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the firm'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 transaction of $3,730,294.08. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stefano Pampalone sold 12,935 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $150,563.40. Following the transaction, the insider now owns 417,384 shares in the company, valued at $4,858,349.76. The trade was a 3.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 432,866 shares of company stock valued at $5,081,828 over the last 90 days. 1.00% of the stock is currently owned by insiders.

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.

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