Poehling Capital Management INC. Makes New $3.02 Million Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

Poehling Capital Management INC. purchased a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 266,206 shares of the company's stock, valued at approximately $3,016,000.

Several other large investors have also added to or reduced their stakes in CNH. Assenagon Asset Management S.A. bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $3,000,000. Park Avenue Securities LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $180,000. Merit Financial Group LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $217,000. HB Wealth Management LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $221,000. Finally, Ballentine Partners LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $347,000. Institutional investors own 59.88% of the company's stock.

Insider Activity

In other news, CFO Oddone Incisa sold 22,515 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $285,940.50. Following the completion of the transaction, the chief financial officer now directly owns 856,574 shares in the company, valued at $10,878,489.80. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 $2,050,707.10. This represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 432,866 shares of company stock worth $5,081,828 in the last three months. Corporate insiders own 0.23% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

CNH GLOBAL N V Foreign stock traded down $0.19 during mid-day trading on Friday, reaching $12.77. The company's stock had a trading volume of 17,826,470 shares, compared to its average volume of 13,154,979. CNH GLOBAL N V Foreign has a 12-month low of $9.28 and a 12-month high of $13.87. The company has a market capitalization of $15.96 billion, a P/E ratio of 12.40 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. The firm's fifty day moving average price is $12.13 and its two-hundred day moving average price is $12.10.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share 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 business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. The firm's quarterly revenue was down 20.5% compared to the same quarter last year. Sell-side 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 company also recently declared an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is currently 57.32%.

Wall Street Analyst Weigh In

CNH has been the topic of several recent analyst reports. Northland Securities raised 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 report on Friday, April 11th. Baird R W lowered shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Truist Financial decreased their price target on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Finally, Morgan Stanley decreased their price target 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 note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.