Tidal Investments LLC Raises Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Tidal Investments LLC increased its position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) by 37.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,947 shares of the company's stock after purchasing an additional 46,938 shares during the period. Tidal Investments LLC's holdings in CNH GLOBAL N V Foreign were worth $1,948,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Moore Capital Management LP bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth approximately $10,166,000. Integrated Wealth Concepts LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at about $163,000. Eisler Capital Management Ltd. bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $2,985,000. Deprince Race & Zollo Inc. bought a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $9,345,000. Finally, Captrust Financial Advisors bought a new stake in CNH GLOBAL N V Foreign in the 4th quarter worth approximately $2,287,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

CNH GLOBAL N V Foreign stock traded up $0.20 during mid-day trading on Tuesday, reaching $12.96. 25,436,864 shares of the company traded hands, compared to its average volume of 13,204,107. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 12.58 and a beta of 1.50. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The firm's fifty day moving average is $12.12 and its two-hundred day moving average is $12.11. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two 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 for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate 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 company's revenue for the quarter was down 20.5% on a year-over-year basis. On average, equities research analysts expect 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 company also recently declared an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be paid a $0.25 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio is presently 57.32%.

Insider Transactions at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CTO Jay Schroeder sold 2,154 shares of CNH GLOBAL N V Foreign stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $27,355.80. Following the completion of the sale, the chief technology officer now directly owns 32,762 shares in the company, valued at $416,077.40. This trade represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kelly Manley sold 3,575 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $45,402.50. Following the completion of the transaction, the insider now owns 161,473 shares in the company, valued at approximately $2,050,707.10. This represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 432,866 shares of company stock valued at $5,081,828. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen initiated coverage on shares of CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. UBS Group lifted their target price on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Baird R W cut shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Citigroup raised their price target on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, 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 on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CNH GLOBAL N V Foreign has an average rating of "Moderate Buy" and an average target price of $14.92.

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.