CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) CFO Oddone Incisa sold 22,515 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 $285,940.50. Following the completion of the transaction, the chief financial officer now owns 856,574 shares in the company, valued at approximately $10,878,489.80. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Oddone Incisa also recently made the following trade(s):
- On Tuesday, March 4th, Oddone Incisa sold 32,910 shares of CNH GLOBAL N V Foreign stock. The stock was sold at an average price of $11.64, for a total value of $383,072.40.
CNH GLOBAL N V Foreign Stock Up 0.0%
CNH stock traded up $0.01 during midday trading on Thursday, hitting $13.34. The company's stock had a trading volume of 12,352,724 shares, compared to its average volume of 12,961,629. The company has a market cap of $16.66 billion, a PE ratio of 12.94 and a beta of 1.50. 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 current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The firm's 50-day moving average is $12.09 and its 200-day moving average is $12.01.
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 (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. CNH GLOBAL N V Foreign's revenue for the quarter 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 company 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. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is 57.32%.
Analyst Upgrades and Downgrades
CNH has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Evercore ISI lifted their price objective on CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Oppenheimer cut their price objective on 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. Baird R W cut CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Northland Capmk raised CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, five have given 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 has an average rating of "Moderate Buy" and an average target price of $14.75.
Check Out Our Latest Research Report on CNH GLOBAL N V Foreign
Hedge Funds Weigh In On CNH GLOBAL N V Foreign
Hedge funds and other institutional investors have recently modified their holdings of the company. Moore Capital Management LP purchased a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth $10,166,000. Integrated Wealth Concepts LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth $163,000. Eisler Capital Management Ltd. purchased a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth $2,985,000. Deprince Race & Zollo Inc. purchased a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth $9,345,000. Finally, Captrust Financial Advisors purchased a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth $2,287,000. 59.88% of the stock is owned by institutional investors.
CNH GLOBAL N V Foreign Company Profile
(
Get Free Report)
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.
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