Wexford Capital LP Buys New Holdings in CNH GLOBAL N V Foreign (NYSE:CNH)

Wexford Capital LP acquired a new stake in 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 (SEC). The firm acquired 148,122 shares of the company's stock, valued at approximately $1,678,000.

Other hedge funds also recently made changes to their positions in the company. Moore Capital Management LP acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $10,166,000. Integrated Wealth Concepts LLC acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $163,000. Eisler Capital Management Ltd. acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $2,985,000. Deprince Race & Zollo Inc. bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $9,345,000. Finally, Captrust Financial Advisors bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $2,287,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of CNH GLOBAL N V Foreign stock in a transaction dated Tuesday, March 4th. The stock was 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 directly owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. The trade was a 46.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jay Schroeder sold 2,154 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 value of $27,355.80. Following the transaction, the chief technology officer now directly owns 32,762 shares in the company, valued at $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 432,866 shares of company stock valued at $5,081,828 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

CNH GLOBAL N V Foreign Price Performance

Shares of CNH 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 13,125,049. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87. The company's fifty day simple moving average is $12.13 and its two-hundred day simple moving average is $12.09. 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 stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 12.40 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last released 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. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $4.47 billion. The business's revenue for the quarter was down 20.5% on a year-over-year basis. As a group, equities 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. 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 of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is 57.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group increased their target price 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. Northland Securities upgraded CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research note on Friday, April 11th. Northland Capmk upgraded CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Robert W. Baird restated a "neutral" rating and set a $15.00 price objective (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research note on Monday, March 3rd. Finally, Evercore ISI raised 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 research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.