Mariner LLC Acquires Shares of 65,680 CNH GLOBAL N V Foreign (NYSE:CNH)

Mariner LLC bought a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 65,680 shares of the company's stock, valued at approximately $744,000.

A number of other hedge funds also recently made changes to their positions in CNH. EverSource Wealth Advisors LLC bought a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $25,000. Quent Capital LLC purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at $26,000. Principal Securities Inc. bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $27,000. Farther Finance Advisors LLC purchased a new stake in CNH GLOBAL N V Foreign in the fourth quarter worth $27,000. Finally, GAMMA Investing LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at $30,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CNH GLOBAL N V Foreign

In other news, insider Stefano Pampalone sold 12,935 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $150,563.40. Following the transaction, the insider now directly owns 417,384 shares of the company's stock, valued at approximately $4,858,349.76. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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. This trade represents a 46.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 392,620 shares of company stock valued at $4,570,097 in the last three months. 1.00% of the stock is owned by insiders.

CNH GLOBAL N V Foreign Trading Up 7.4 %

NYSE CNH opened at $12.43 on Friday. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87. The company has a 50 day moving average price of $12.06 and a 200 day moving average price of $11.90. 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 firm has a market cap of $15.51 billion, a PE ratio of 12.06 and a beta of 1.43.

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, topping analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate 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 was down 20.5% on a year-over-year basis. As a group, sell-side analysts forecast that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The business also recently disclosed 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 dividend payout ratio (DPR) is currently 45.63%.

Analysts Set New Price Targets

CNH has been the subject of several research reports. 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. Evercore ISI increased their price objective on CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Morgan Stanley decreased their target price on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. upped their target price on CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. Finally, UBS Group cut their price target on CNH GLOBAL N V Foreign from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CNH GLOBAL N V Foreign has an average rating of "Moderate Buy" and a consensus price target of $14.33.

CNH GLOBAL N V Foreign Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.