143,875 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 143,875 shares of the company's stock, valued at approximately $1,630,000.

Several other institutional investors also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its holdings in shares of CNH GLOBAL N V Foreign by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock valued at $655,624,000 after purchasing an additional 664,191 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $361,990,000. Vanguard Group Inc. bought a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $359,303,000. Charles Schwab Investment Management Inc. bought a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $233,474,000. Finally, Dimensional Fund Advisors LP purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $162,095,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Gerrit A. Marx sold 320,472 shares of the company's stock in a transaction that occurred on 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 owns 375,136 shares in the company, valued at $4,366,583.04. This represents a 46.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Oddone Incisa sold 32,910 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $383,072.40. Following the transaction, the chief financial officer now directly owns 821,156 shares of the company's stock, valued at $9,558,255.84. This represents a 3.85% 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 valued at $5,081,828. 1.00% of the stock is currently owned by corporate insiders.

CNH GLOBAL N V Foreign Price Performance

Shares of NYSE:CNH remained flat at $13.67 during trading on Monday. 12,596,627 shares of the stock were exchanged, compared to its average volume of 13,039,195. The business's 50-day simple moving average is $12.10 and its two-hundred day simple moving average is $12.04. 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 has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 13.27 and a beta of 1.50.

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 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. The business's revenue for the quarter was down 20.5% compared to the same quarter last year. On average, sell-side 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 firm 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 is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's dividend payout ratio is presently 57.32%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CNH shares. 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 report on Friday, April 11th. Northland Capmk raised shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Morgan Stanley dropped their price target 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. UBS Group raised their price objective on 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. Finally, Truist Financial cut their target price on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.92.

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.