WBI Investments LLC Invests $1.03 Million in CNH GLOBAL N V Foreign (NYSE:CNH)

WBI Investments LLC purchased a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 90,511 shares of the company's stock, valued at approximately $1,025,000.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup boosted 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 report on Monday, May 5th. Robert W. Baird reissued a "neutral" rating and issued a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. Wall Street Zen assumed coverage on shares of CNH GLOBAL N V Foreign in a research report on Wednesday, April 30th. They issued a "sell" rating for the company. 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. Finally, Evercore ISI boosted their price objective on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $14.92.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the transaction, the chief executive officer now owns 375,136 shares in the company, valued at approximately $4,366,583.04. This represents a 46.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $45,402.50. Following the completion of the sale, the insider now directly owns 161,473 shares in the company, valued at $2,050,707.10. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 432,866 shares of company stock worth $5,081,828. 0.23% of the stock is owned by corporate insiders.

CNH GLOBAL N V Foreign Stock Down 1.5%

Shares of NYSE CNH traded down $0.19 during trading hours on Friday, hitting $12.77. 17,826,470 shares of the stock were exchanged, compared to its average volume of 13,125,049. 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 company has a market cap of $15.96 billion, a PE ratio of 12.40 and a beta of 1.50. The firm has a fifty day moving average price of $12.13 and a 200-day moving average price of $12.09. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The company'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 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is 57.32%.

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.