Investment Management Corp of Ontario Invests $276,000 in CNH GLOBAL N V Foreign (NYSE:CNH)

Investment Management Corp of Ontario purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 24,400 shares of the company's stock, valued at approximately $276,000.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $1,085,000. Focus Partners Wealth bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth approximately $477,000. Eisler Capital Management Ltd. purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $2,985,000. Ensign Peak Advisors Inc purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $311,000. Finally, Deutsche Bank AG purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth approximately $19,216,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CNH. Evercore ISI increased their price target on CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Monday. Truist Financial reduced their target price on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. StockNews.com began coverage on shares of CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They issued a "sell" rating for the company. Northland Securities upgraded shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a report on Friday, April 11th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $14.92.

Insider Buying and Selling

In other news, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $45,402.50. Following the transaction, the insider now owns 161,473 shares of the company's stock, valued at $2,050,707.10. The trade was a 2.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $3,730,294.08. Following the transaction, the chief executive officer now 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 432,866 shares of company stock valued at $5,081,828 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

CNH GLOBAL N V Foreign Trading Up 0.1%

CNH traded up $0.02 during trading on Monday, hitting $13.69. 3,831,596 shares of the stock were exchanged, compared to its average volume of 13,005,426. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. The firm has a 50 day simple moving average of $12.10 and a 200 day simple moving average of $12.04. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 13.27 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 $13.87.

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, topping analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. CNH GLOBAL N V Foreign'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 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm 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 yield of 3.8%. The ex-dividend date is Wednesday, May 21st. 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.