Mork Capital Management LLC Purchases Shares of 89,930 CNH GLOBAL N V Foreign (NYSE:CNH)

Mork Capital Management LLC acquired a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 89,930 shares of the company's stock, valued at approximately $1,019,000.

A number of other large investors also recently modified their holdings of CNH. Artisan Partners Limited Partnership bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $361,990,000. Vanguard Group Inc. bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $359,303,000. Charles Schwab Investment Management Inc. bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $233,474,000. Dimensional Fund Advisors LP bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $162,095,000. Finally, Marathon Asset Management Ltd bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $161,043,000. 59.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CNH. Robert W. Baird restated a "neutral" rating and issued a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. UBS Group boosted their price objective on shares of 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. Baird R W lowered shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Oppenheimer lowered their price objective on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. One 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 given a strong buy rating to the stock. According to MarketBeat.com, CNH GLOBAL N V Foreign has an average rating of "Moderate Buy" and a consensus price target of $14.75.

Insider Buying and Selling

In related news, insider Stefano Pampalone sold 12,935 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 417,384 shares of the company's stock, valued at $4,858,349.76. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerrit A. Marx sold 320,472 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 432,866 shares of company stock valued at $5,081,828 over the last three months. 1.00% of the stock is owned by company insiders.

CNH GLOBAL N V Foreign Trading Up 2.2%

CNH stock traded up $0.30 during mid-day trading on Friday, reaching $13.70. 23,135,412 shares of the stock traded hands, compared to its average volume of 13,040,953. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year 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 business has a 50-day moving average price of $12.10 and a two-hundred day moving average price of $12.03.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations 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 firm's revenue was down 20.5% on a year-over-year basis. Equities research 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 paid a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is presently 57.32%.

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.