QSM Asset Management Ltd Makes New $7.41 Million Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

QSM Asset Management Ltd purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 662,669 shares of the company's stock, valued at approximately $7,412,000. CNH GLOBAL N V Foreign comprises approximately 6.4% of QSM Asset Management Ltd's investment portfolio, making the stock its 5th largest holding. QSM Asset Management Ltd owned 0.05% of CNH GLOBAL N V Foreign as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CNH. Artisan Partners Limited Partnership acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth about $361,990,000. Vanguard Group Inc. bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth approximately $359,303,000. Charles Schwab Investment Management Inc. acquired a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $233,474,000. Dimensional Fund Advisors LP acquired a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $162,095,000. Finally, Marathon Asset Management Ltd bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $161,043,000. Institutional investors own 59.88% of the company's stock.

Insiders Place Their Bets

In related news, CTO Jay Schroeder sold 2,154 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $27,355.80. Following the sale, the chief technology officer now directly owns 32,762 shares in the company, valued at $416,077.40. This represents a 6.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerrit A. Marx sold 320,472 shares of CNH GLOBAL N V Foreign stock in a transaction 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 completion of the transaction, the chief executive officer now owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. The trade was a 46.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 432,866 shares of company stock valued at $5,081,828. 1.00% of the stock is currently owned by insiders.

CNH GLOBAL N V Foreign Price Performance

Shares of CNH GLOBAL N V Foreign stock traded down $0.17 during midday trading on Friday, hitting $12.48. 31,290,909 shares of the company were exchanged, compared to its average volume of 13,383,396. The firm has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $12.14. 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 firm has a market cap of $15.59 billion, a P/E ratio of 12.12 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. 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 during the quarter, compared to analysts' expectations of $4.47 billion. CNH GLOBAL N V Foreign's revenue was down 20.5% on a year-over-year basis. Research analysts forecast that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were given a $0.25 dividend. The ex-dividend date was Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is presently 57.32%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CNH shares. 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. UBS Group boosted their price objective on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Robert W. Baird reaffirmed a "neutral" rating and set a $15.00 price objective (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. Evercore ISI lifted their target price on CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Finally, Citigroup boosted their price target on CNH GLOBAL N V Foreign from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.08.

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.