Royal Bank of Canada Purchases Shares of 3,469,227 CNH GLOBAL N V Foreign (NYSE:CNH)

Royal Bank of Canada purchased a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,469,227 shares of the company's stock, valued at approximately $39,306,000. Royal Bank of Canada owned approximately 0.28% of CNH GLOBAL N V Foreign as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNH. Colonial Trust Co SC acquired a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at $25,000. Quent Capital LLC acquired a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at $26,000. Anchor Investment Management LLC purchased a new stake in CNH GLOBAL N V Foreign in the 4th quarter worth about $26,000. Finally, Farther Finance Advisors LLC purchased a new stake in CNH GLOBAL N V Foreign in the 4th quarter worth about $27,000. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Stock Down 1.5%

Shares of CNH traded down $0.19 during mid-day trading on Friday, hitting $12.77. 17,826,470 shares of the company's stock were exchanged, compared to its average volume of 13,154,979. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 12.40 and a beta of 1.50. The firm has a fifty day moving average of $12.13 and a two-hundred day moving average of $12.10. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a twelve month low of $9.28 and a twelve month 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, 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 during the quarter, compared to analysts' expectations of $4.47 billion. CNH GLOBAL N V Foreign's quarterly revenue was down 20.5% compared to the same quarter last year. On average, sell-side 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 business also recently declared an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is presently 57.32%.

Insider Activity

In related news, CFO Oddone Incisa sold 22,515 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $285,940.50. Following the transaction, the chief financial officer now directly owns 856,574 shares in the company, valued at approximately $10,878,489.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gerrit A. Marx sold 320,472 shares of CNH GLOBAL N V Foreign stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the completion of the transaction, the chief executive officer now owns 375,136 shares in the company, valued at $4,366,583.04. This trade represents a 46.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 432,866 shares of company stock valued at $5,081,828. Insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CNH shares. Wall Street Zen began coverage on CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They set a "sell" rating on the stock. Citigroup boosted their price objective on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Evercore ISI upped their price objective on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Baird R W downgraded shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, UBS Group boosted their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.92.

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.