755,381 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 755,381 shares of the company's stock, valued at approximately $8,558,000. Squarepoint Ops LLC owned 0.06% of CNH GLOBAL N V Foreign as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CNH. EverSource Wealth Advisors LLC bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $25,000. Colonial Trust Co SC bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $25,000. Quent Capital LLC purchased a new position in CNH GLOBAL N V Foreign in the fourth quarter worth about $26,000. Anchor Investment Management LLC purchased a new position in CNH GLOBAL N V Foreign in the fourth quarter worth about $26,000. Finally, Principal Securities Inc. purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $27,000. 59.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CNH has been the subject of a number of recent research reports. Truist Financial reduced their price objective on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI upped their price target on CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. UBS Group upped their price target on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wall Street Zen began coverage on CNH GLOBAL N V Foreign in a research report on Wednesday, April 30th. They set a "sell" rating on the stock. Finally, Baird R W downgraded CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.92.

Insiders Place Their Bets

In other news, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign 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 of the company's stock, valued at $2,050,707.10. The trade was a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gerrit A. Marx sold 320,472 shares of CNH GLOBAL N V Foreign stock in a transaction dated Tuesday, March 4th. The shares were 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 in the company, valued at $4,366,583.04. This represents a 46.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 432,866 shares of company stock valued at $5,081,828. Insiders own 1.00% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

Shares of CNH GLOBAL N V Foreign stock traded down $0.19 during trading hours on Thursday, hitting $12.67. 6,128,587 shares of the company were exchanged, compared to its average volume of 13,206,777. CNH GLOBAL N V Foreign has a 1 year low of $9.28 and a 1 year high of $13.87. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The business has a 50-day moving average of $12.13 and a 200-day moving average of $12.14. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 12.30 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm 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%. The company's revenue was down 20.5% compared to the same quarter last year. As a group, analysts expect 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 disclosed an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be paid 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 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.