Snowden Capital Advisors LLC Invests $257,000 in CNH GLOBAL N V Foreign (NYSE:CNH)

Snowden Capital Advisors LLC 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 disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,703 shares of the company's stock, valued at approximately $257,000.

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

Insider Transactions at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CFO Oddone Incisa sold 22,515 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $285,940.50. Following the completion of the transaction, the chief financial officer now owns 856,574 shares in the company, valued at $10,878,489.80. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jay Schroeder sold 2,154 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the sale, the chief technology officer now owns 32,762 shares in the company, valued at approximately $416,077.40. This represents a 6.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 432,866 shares of company stock worth $5,081,828 in the last ninety days. Company insiders own 1.00% of the company's stock.

CNH GLOBAL N V Foreign Stock Down 0.3%

Shares of NYSE:CNH traded down $0.04 during midday trading on Wednesday, hitting $12.92. 4,206,830 shares of the company's stock were exchanged, compared to its average volume of 13,172,749. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87. The company has a market cap of $16.14 billion, a PE ratio of 12.55 and a beta of 1.50. The stock has a 50 day moving average price of $12.12 and a 200-day moving average price of $12.12.

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 for the quarter, beating the consensus estimate 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 business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $4.47 billion. CNH GLOBAL N V Foreign's revenue for the quarter was down 20.5% on a year-over-year basis. On average, sell-side 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 firm also recently declared 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. 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%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CNH shares. Northland Securities upgraded 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 research note on Friday, April 11th. Oppenheimer dropped their price objective 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. Truist Financial decreased their price target on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley lowered their price target on 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. Finally, Evercore ISI raised their target price 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 report on Monday, May 19th. 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 company 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.