Marshall Wace LLP Buys Shares of 32,025 CNH GLOBAL N V Foreign (NYSE:CNH)

Marshall Wace LLP purchased a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,025 shares of the company's stock, valued at approximately $363,000.

Several other hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth approximately $25,000. Quent Capital LLC acquired a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth approximately $26,000. Anchor Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at $26,000. Farther Finance Advisors LLC purchased a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $27,000. Finally, Principal Securities Inc. purchased a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Analyst Ratings Changes

CNH has been the topic of a number of recent research reports. Morgan Stanley cut their target price on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Northland Securities raised 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 research note on Friday, April 11th. Evercore ISI upped their price target on shares of CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. upped their target price on CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Finally, Truist Financial lowered their price target on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $14.50.

CNH GLOBAL N V Foreign Stock Up 1.1 %

CNH stock traded up $0.14 during mid-day trading on Friday, hitting $12.75. The stock had a trading volume of 5,490,984 shares, compared to its average volume of 12,866,778. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 12.38 and a beta of 1.50. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The company has a fifty day moving average of $12.02 and a 200 day moving average of $11.94.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $3.83 billion for 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%. The business's revenue for the quarter was down 20.5% on a year-over-year basis. On average, equities analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be issued a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is currently 57.32%.

Insider Transactions at CNH GLOBAL N V Foreign

In related news, CEO Gerrit A. Marx sold 320,472 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the completion of the transaction, the chief executive officer now owns 375,136 shares in the company, valued at approximately $4,366,583.04. The trade was a 46.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stefano Pampalone sold 12,935 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $150,563.40. Following the completion of the sale, the insider now owns 417,384 shares of the company's stock, valued at approximately $4,858,349.76. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 392,620 shares of company stock worth $4,570,097. 1.00% of the stock is currently owned by company insiders.

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.