ProShare Advisors LLC Takes $548,000 Position in CNH GLOBAL N V Foreign (NYSE:CNH)

ProShare Advisors LLC acquired a new position 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 SEC. The fund acquired 48,388 shares of the company's stock, valued at approximately $548,000.

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

CNH GLOBAL N V Foreign Stock Performance

CNH traded up $0.01 on Friday, hitting $12.66. 5,251,766 shares of the stock traded hands, compared to its average volume of 13,254,321. The business has a fifty day moving average price of $12.13 and a two-hundred day moving average price of $12.14. 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 market capitalization of $15.81 billion, a PE ratio of 12.29 and a beta of 1.50. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. CNH GLOBAL N V Foreign's revenue was down 20.5% on a year-over-year basis. On average, 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 business also recently declared an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be issued a $0.25 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio is currently 57.32%.

Analyst Ratings Changes

CNH has been the topic of several research analyst reports. Oppenheimer lowered their price objective 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 report on Tuesday, April 22nd. Northland Capmk raised CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Northland Securities raised 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. Citigroup raised their price objective on 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. Finally, Morgan Stanley dropped their target price on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $14.92.

Insider Activity

In other news, CFO Oddone Incisa sold 22,515 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $285,940.50. Following the transaction, the chief financial officer now owns 856,574 shares of the company's stock, valued at $10,878,489.80. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stefano Pampalone sold 12,935 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $150,563.40. Following the completion of the sale, the insider now owns 417,384 shares of the company's stock, valued at $4,858,349.76. This represents a 3.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,866 shares of company stock valued at $5,081,828. Company insiders own 1.00% of the company's stock.

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.