Twinbeech Capital LP Takes $4.16 Million Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Twinbeech Capital LP acquired a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 366,999 shares of the company's stock, valued at approximately $4,158,000.

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

Insider Activity

In other CNH GLOBAL N V Foreign news, CFO Oddone Incisa sold 22,515 shares of the business'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 $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. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kelly Manley sold 3,575 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were 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 approximately $2,050,707.10. This represents a 2.17% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on CNH. Northland Capmk raised shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. UBS Group lifted 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 note on Friday, May 9th. Oppenheimer cut their price target 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 report on Tuesday, April 22nd. Northland Securities raised 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 research note on Friday, April 11th. Finally, Citigroup increased their target price on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $14.92.

CNH GLOBAL N V Foreign Price Performance

Shares of CNH GLOBAL N V Foreign stock traded down $0.19 during trading hours on Monday, hitting $12.77. The company's stock had a trading volume of 17,826,470 shares, compared to its average volume of 13,154,979. 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 12-month low of $9.28 and a 12-month high of $13.87. The business has a 50 day moving average price of $12.13 and a two-hundred day moving average price of $12.10. The company has a market cap of $15.96 billion, a PE ratio of 12.40 and a beta of 1.50.

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 analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates 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 business's revenue was down 20.5% on a year-over-year basis. 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 disclosed 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. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is 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.