Point72 Asset Management L.P. Invests $46.38 Million in CNH GLOBAL N V Foreign (NYSE:CNH)

Point72 Asset Management L.P. acquired a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,093,760 shares of the company's stock, valued at approximately $46,382,000. Point72 Asset Management L.P. owned about 0.33% of CNH GLOBAL N V Foreign as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNH. EverSource Wealth Advisors LLC acquired a new stake in CNH GLOBAL N V Foreign in the 4th quarter worth about $25,000. Colonial Trust Co SC purchased a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth about $25,000. Quent Capital LLC purchased a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth about $26,000. Anchor Investment Management LLC acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth approximately $26,000. Finally, Principal Securities Inc. purchased a new stake in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Stock Down 3.4%

NYSE CNH traded down $0.46 on Wednesday, reaching $12.91. The company had a trading volume of 3,779,719 shares, compared to its average volume of 13,026,237. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. CNH GLOBAL N V Foreign has a 1 year low of $9.28 and a 1 year high of $13.87. The firm has a 50-day moving average of $12.14 and a 200-day moving average of $12.07. The firm has a market capitalization of $16.12 billion, a PE ratio of 12.54 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its 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 business 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%. CNH GLOBAL N V Foreign's revenue was down 20.5% on a year-over-year basis. On average, 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 company also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be given a $0.25 dividend. The ex-dividend date is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is currently 57.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Northland Capmk raised shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. UBS Group increased their target price on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Citigroup boosted their price target on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Evercore ISI upped their price target on CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday. Finally, Morgan Stanley reduced their price objective on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.92.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In related news, insider Stefano Pampalone sold 12,935 shares of the business'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 $150,563.40. Following the transaction, the insider now owns 417,384 shares in the company, valued at approximately $4,858,349.76. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kelly Manley sold 3,575 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $45,402.50. Following the sale, the insider now owns 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their position. 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 in the last ninety days. Insiders own 0.23% of the company's stock.

CNH GLOBAL N V Foreign 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.