Royal Bank of Canada Takes $39.31 Million Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Royal Bank of Canada 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 3,469,227 shares of the company's stock, valued at approximately $39,306,000. Royal Bank of Canada owned 0.28% of CNH GLOBAL N V Foreign at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on CNH shares. UBS Group increased 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 research note on Friday, May 9th. Morgan Stanley dropped their target price on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup boosted their price target 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 raised their price objective on CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Finally, Baird R W cut CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.92.

Insiders Place Their Bets

In other CNH GLOBAL N V Foreign news, CFO Oddone Incisa sold 32,910 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $383,072.40. Following the completion of the transaction, the chief financial officer now directly owns 821,156 shares in the company, valued at approximately $9,558,255.84. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gerrit A. Marx sold 320,472 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $3,730,294.08. Following the transaction, the chief executive officer now directly owns 375,136 shares of the company's stock, valued at $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 three months, insiders have sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is owned by company insiders.

CNH GLOBAL N V Foreign Stock Performance

CNH traded down $0.03 during trading on Wednesday, reaching $12.92. The company's stock had a trading volume of 4,206,830 shares, compared to its average volume of 13,172,749. 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 company's fifty day moving average price is $12.12 and its 200-day moving average price is $12.12. CNH GLOBAL N V Foreign has a 52-week low of $9.28 and a 52-week high of $13.87. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 12.55 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 20.5% on a year-over-year basis. On average, equities analysts forecast 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 business also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.25 per share. This represents a yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio is currently 57.32%.

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.