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

WBI Investments LLC bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 90,511 shares of the company's stock, valued at approximately $1,025,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNH. Colonial Trust Co SC purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $25,000. Quent Capital LLC purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $26,000. Anchor Investment Management LLC purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $26,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $27,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH GLOBAL N V Foreign Trading Up 0.9%

CNH traded up $0.11 during midday trading on Thursday, reaching $12.96. 16,436,738 shares of the company's stock traded hands, compared to its average volume of 13,082,762. The firm has a fifty day moving average of $12.13 and a two-hundred day moving average of $12.09. The stock 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. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its earnings results 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. 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 for the quarter, compared to the consensus estimate of $4.47 billion. The company's revenue for the quarter was down 20.5% compared to the same quarter last year. On average, equities analysts anticipate 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 firm also recently declared an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be given 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 dividend payout ratio (DPR) is currently 57.32%.

Insider Activity at CNH GLOBAL N V Foreign

In other news, CEO Gerrit A. Marx sold 320,472 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $3,730,294.08. Following the sale, the chief executive officer now directly owns 375,136 shares of the company's stock, valued at $4,366,583.04. The trade was a 46.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign stock in a transaction dated 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 directly owns 161,473 shares of the company's stock, 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. Insiders sold a total of 432,866 shares of company stock valued at $5,081,828 in the last three months. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNH. Baird R W cut CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Morgan Stanley cut their price objective on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Evercore ISI upped their price objective on CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday. Oppenheimer cut their price objective on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Northland Securities upgraded 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 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 stock. Based on data from MarketBeat.com, CNH GLOBAL N V Foreign presently has an average rating of "Moderate Buy" and an average 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.