Snowden Capital Advisors LLC Acquires Shares of 22,703 CNH GLOBAL N V Foreign (NYSE:CNH)

Snowden Capital Advisors LLC bought a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,703 shares of the company's stock, valued at approximately $257,000.

Several other hedge funds also recently added to or reduced their stakes in CNH. EverSource Wealth Advisors LLC purchased a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $25,000. Colonial Trust Co SC bought a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $25,000. Quent Capital LLC bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $26,000. Anchor Investment Management LLC bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $26,000. Finally, Principal Securities Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $27,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH GLOBAL N V Foreign Price Performance

Shares of NYSE:CNH traded up $0.31 during trading hours on Tuesday, hitting $13.07. 14,259,678 shares of the company's stock traded hands, compared to its average volume of 13,162,181. The company's fifty day simple moving average is $12.12 and its two-hundred day simple moving average is $12.11. 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 has a market cap of $16.32 billion, a price-to-earnings ratio of 12.68 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. As a group, equities analysts anticipate 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 announced an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.25 per share. 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 (DPR) is currently 57.32%.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, insider Kelly Manley sold 3,575 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $45,402.50. Following the transaction, the insider now directly owns 161,473 shares in the company, valued at $2,050,707.10. This represents a 2.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerrit A. Marx sold 320,472 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 375,136 shares of the company's stock, valued at $4,366,583.04. This represents a 46.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CNH shares. Morgan Stanley cut their price objective on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Robert W. Baird reissued a "neutral" rating and set a $15.00 price target (down from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. 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. Baird R W cut shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.92.

About CNH GLOBAL N V Foreign

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.