Nuveen Asset Management LLC Acquires Shares of 3,706,239 CNH GLOBAL N V Foreign (NYSE:CNH)

Nuveen Asset Management LLC purchased a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm 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 institutional investors and hedge funds have also made changes to their positions in the stock. Colonial Trust Co SC purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter worth $25,000. Quent Capital LLC purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter worth $26,000. Anchor Investment Management LLC acquired a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth about $26,000. Finally, Farther Finance Advisors LLC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $27,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH GLOBAL N V Foreign Stock Down 1.5%

NYSE:CNH traded down $0.19 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 company has a market cap of $15.96 billion, a PE ratio of 12.40 and a beta of 1.50. CNH GLOBAL N V Foreign has a 1 year low of $9.28 and a 1 year high of $13.87. 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 50-day moving average price of $12.13 and a 200-day moving average price of $12.10.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.83 billion during 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. Equities analysts anticipate that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The business 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. This represents a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is currently 57.32%.

Insider Buying and Selling

In other CNH GLOBAL N V Foreign news, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $45,402.50. Following the transaction, the insider now directly owns 161,473 shares of the company's stock, valued at $2,050,707.10. The trade was a 2.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerrit A. Marx sold 320,472 shares of the business'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 $3,730,294.08. Following 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 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 owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Oppenheimer lowered their price objective on 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. UBS Group raised their price target on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Truist Financial decreased their target price on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Northland Securities upgraded 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. Finally, Citigroup upped their price objective on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CNH GLOBAL N V Foreign currently has a consensus rating of "Moderate Buy" and an average target price of $14.92.

About CNH GLOBAL N V Foreign

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.