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

Twinbeech Capital LP bought a new position 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 (SEC). The institutional investor bought 366,999 shares of the company's stock, valued at approximately $4,158,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Artisan Partners Limited Partnership bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $361,990,000. Vanguard Group Inc. bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at about $359,303,000. Charles Schwab Investment Management Inc. purchased a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $233,474,000. Dimensional Fund Advisors LP bought a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at about $162,095,000. Finally, Marathon Asset Management Ltd purchased a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at about $161,043,000. 59.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Oddone Incisa sold 22,515 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $285,940.50. Following the transaction, the chief financial officer now directly owns 856,574 shares in the company, valued at $10,878,489.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Kelly Manley sold 3,575 shares of the company's stock in a transaction 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 sale, the insider now owns 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,866 shares of company stock valued at $5,081,828. Company insiders own 0.23% of the company's stock.

CNH GLOBAL N V Foreign Stock Down 1.5%

CNH stock traded down $0.19 during midday trading on Friday, hitting $12.77. The company's stock had a trading volume of 17,826,470 shares, compared to its average volume of 13,125,042. The firm's 50-day moving average is $12.13 and its 200-day moving average is $12.09. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. 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 $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 posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping 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 firm had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $4.47 billion. The company's quarterly revenue was down 20.5% compared to the same quarter last year. On average, equities research analysts forecast 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 business also recently declared 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. 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 presently 57.32%.

Analysts Set New Price Targets

A number of equities analysts have commented on CNH shares. Northland Securities raised CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research note on Friday, April 11th. Oppenheimer decreased their price objective on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Northland Capmk raised CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Truist Financial cut their price target on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI increased their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.