12,049,174 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Purchased by Millennium Management LLC

Millennium Management LLC bought a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,049,174 shares of the company's stock, valued at approximately $136,517,000. Millennium Management LLC owned approximately 0.96% of CNH GLOBAL N V Foreign as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Moore Capital Management LP bought a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth approximately $10,166,000. Integrated Wealth Concepts LLC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $163,000. Eisler Capital Management Ltd. acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $2,985,000. Deprince Race & Zollo Inc. acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $9,345,000. Finally, Captrust Financial Advisors acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $2,287,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Insider Buying and Selling

In other news, CEO Gerrit A. Marx sold 320,472 shares of the firm's 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 completion of the transaction, the chief executive officer now owns 375,136 shares in the company, valued at $4,366,583.04. This trade represents a 46.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Suzanne Heywood sold 24,213 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $281,839.32. Following the transaction, the director now owns 551,858 shares in the company, valued at approximately $6,423,627.12. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CNH shares. Northland Securities raised shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a report on Friday, April 11th. Morgan Stanley dropped their price objective on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. UBS Group increased their price objective on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. 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. Finally, Truist Financial lowered their price objective on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, CNH GLOBAL N V Foreign currently has a consensus rating of "Moderate Buy" and an average price target of $14.75.

CNH GLOBAL N V Foreign Trading Up 2.2%

CNH GLOBAL N V Foreign stock traded up $0.30 during midday trading on Friday, hitting $13.70. 23,135,412 shares of the stock were exchanged, compared to its average volume of 13,040,953. The company has a fifty day simple moving average of $12.10 and a two-hundred day simple moving average of $12.03. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87. The stock has a market capitalization of $17.11 billion, a PE ratio of 13.30 and a beta of 1.50. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54.

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 the consensus estimate of $0.09 by $0.01. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The business's revenue was down 20.5% compared to the same quarter last year. Equities research analysts anticipate 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 declared an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be paid 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 payout ratio is currently 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.