Moore Capital Management LP Acquires New Holdings in CNH GLOBAL N V Foreign (NYSE:CNH)

Moore Capital Management LP acquired a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 897,255 shares of the company's stock, valued at approximately $10,166,000. Moore Capital Management LP owned about 0.07% of CNH GLOBAL N V Foreign as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CNH. GAMMA Investing LLC purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $30,000. Nordea Investment Management AB acquired a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $1,441,000. International Assets Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $160,000. Wealth Enhancement Advisory Services LLC acquired a new position in CNH GLOBAL N V Foreign during the fourth quarter worth about $1,143,000. Finally, Graypoint LLC acquired a new position in CNH GLOBAL N V Foreign during the fourth quarter worth $233,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Insider Activity

In related news, insider Stefano Pampalone sold 12,935 shares of the firm'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 value of $150,563.40. Following the completion of the transaction, the insider now owns 417,384 shares of the company's stock, valued at approximately $4,858,349.76. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jay Schroeder sold 2,154 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $27,355.80. Following the transaction, the chief technology officer now directly owns 32,762 shares in the company, valued at $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,866 shares of company stock worth $5,081,828. Corporate insiders own 1.00% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

Shares of NYSE CNH traded up $0.10 during mid-day trading on Thursday, hitting $13.43. The company had a trading volume of 22,627,622 shares, compared to its average volume of 13,000,249. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 13.04 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 firm's 50 day simple moving average is $12.09 and its two-hundred day simple moving average is $12.02.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign's quarterly revenue was down 20.5% on a year-over-year basis. As a group, equities research analysts forecast that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The company 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 $0.25 dividend. The ex-dividend date is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is 57.32%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Baird R W cut CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Northland Securities raised CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Friday, April 11th. Oppenheimer decreased their target price on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group lifted their price objective on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.75.

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.