UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $97.09 Million Position in CNH GLOBAL N V Foreign (NYSE:CNH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,569,440 shares of the company's stock, valued at approximately $97,092,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.69% of CNH GLOBAL N V Foreign as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Wallace Capital Management Inc. acquired a new stake in CNH GLOBAL N V Foreign in the 4th quarter worth approximately $170,000. WBI Investments LLC acquired a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $1,025,000. Wexford Capital LP acquired a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $1,678,000. Squarepoint Ops LLC acquired a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $8,558,000. Finally, Twinbeech Capital LP acquired a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $4,158,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CNH GLOBAL N V Foreign news, CTO Jay Schroeder sold 2,154 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 $27,355.80. Following the completion of the sale, the chief technology officer now owns 32,762 shares of the company's stock, valued at approximately $416,077.40. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerrit A. Marx sold 320,472 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. This trade represents a 46.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 432,866 shares of company stock valued at $5,081,828 over the last three months. 1.00% of the stock is currently owned by company insiders.

CNH GLOBAL N V Foreign Stock Down 1.2%

CNH GLOBAL N V Foreign stock traded down $0.16 during mid-day trading on Thursday, hitting $12.70. The company had a trading volume of 7,698,430 shares, compared to its average volume of 17,385,613. The stock has a market cap of $15.86 billion, a price-to-earnings ratio of 12.33 and a beta of 1.50. CNH GLOBAL N V Foreign has a 1 year low of $9.28 and a 1 year high of $13.86. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. The business has a fifty day moving average of $12.13 and a 200 day moving average of $12.14.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 18.00% and a net margin of 6.62%. The firm's revenue was down 20.5% compared to the same quarter last year. On average, sell-side 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 business also recently declared an annual dividend, which will be paid on Friday, May 30th. Investors 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 is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio is presently 57.32%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup lifted their price objective on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Wall Street Zen assumed coverage on shares of CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They set a "sell" rating for the company. Robert W. Baird restated a "neutral" rating and set a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a research note on Monday, March 3rd. Baird R W lowered shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Northland Securities raised shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.92.

CNH GLOBAL N V Foreign 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.