Rafferty Asset Management LLC Buys New Shares in CNH GLOBAL N V Foreign (NYSE:CNH)

Rafferty Asset Management LLC acquired a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,969 shares of the company's stock, valued at approximately $226,000.

A number of other large investors have also modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $46,382,000. ProShare Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $548,000. Quantinno Capital Management LP purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $2,174,000. Paradoxiom Capital L.P. purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $5,762,000. Finally, Nissay Asset Management Corp Japan ADV purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $1,229,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CNH shares. Oppenheimer lowered their target price on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. UBS Group increased their target price on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Citigroup increased their price target on shares of 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. 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 for the company in a report on Friday, April 11th. Finally, Truist Financial dropped their target price on shares of 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.92.

Insider Buying and Selling

In other CNH GLOBAL N V Foreign news, insider Stefano Pampalone sold 12,935 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 $150,563.40. Following the transaction, the insider now owns 417,384 shares in the company, valued at $4,858,349.76. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kelly Manley sold 3,575 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $45,402.50. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is owned by insiders.

CNH GLOBAL N V Foreign Trading Up 1.6%

NYSE CNH traded up $0.20 during mid-day trading on Tuesday, reaching $12.96. 25,436,864 shares of the stock were exchanged, compared to its average volume of 13,204,107. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The business's fifty day simple moving average is $12.12 and its 200 day simple moving average is $12.11. The stock has a market capitalization of $16.19 billion, a PE ratio of 12.58 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.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.47 billion. The business's revenue for the quarter was down 20.5% on a year-over-year basis. On average, research analysts anticipate 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 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. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is currently 57.32%.

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.