TB Alternative Assets Ltd. Invests $1.28 Million in CNH GLOBAL N V Foreign (NYSE:CNH)

TB Alternative Assets Ltd. purchased a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 103,798 shares of the company's stock, valued at approximately $1,275,000.

A number of other hedge funds have also modified their holdings of CNH. SG Americas Securities LLC acquired a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $124,000. DAVENPORT & Co LLC bought a new stake in CNH GLOBAL N V Foreign in the fourth quarter worth $269,000. Retirement Systems of Alabama boosted its holdings in CNH GLOBAL N V Foreign by 1.1% in the fourth quarter. Retirement Systems of Alabama now owns 1,195,423 shares of the company's stock worth $13,544,000 after purchasing an additional 12,996 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in CNH GLOBAL N V Foreign in the fourth quarter worth $177,000. Finally, Choreo LLC bought a new stake in CNH GLOBAL N V Foreign in the fourth quarter worth $856,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Jay Schroeder sold 2,154 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 value of $27,355.80. Following the completion of the transaction, the chief technology officer now owns 32,762 shares of the company's stock, valued at $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Oddone Incisa sold 22,515 shares of the stock in a transaction dated Friday, May 9th. The stock was 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 directly owns 856,574 shares of the company's stock, valued at $10,878,489.80. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,246 shares of company stock valued at $511,732. Insiders own 1.00% of the company's stock.

CNH GLOBAL N V Foreign Stock Up 1.4%

Shares of CNH opened at $12.73 on Friday. The company has a 50-day simple moving average of $12.14 and a 200-day simple moving average of $12.22. The firm has a market capitalization of $15.91 billion, a P/E ratio of 12.36 and a beta of 1.52. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The business's quarterly revenue was down 20.5% compared to the same quarter last year. On average, equities research analysts expect 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 disclosed an annual dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date was Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio is currently 57.32%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CNH. Robert W. Baird reiterated a "neutral" rating and issued a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Northland Securities upgraded shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a report on Friday, April 11th. 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. Evercore ISI upped their price objective on shares of 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, Oppenheimer decreased 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 report on Tuesday, April 22nd. 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.08.

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.

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