Point72 Asset Management L.P. Purchases Shares of 4,093,760 CNH GLOBAL N V Foreign (NYSE:CNH)

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

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in CNH GLOBAL N V Foreign during the fourth quarter worth about $1,143,000. 180 Wealth Advisors LLC bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $219,000. Fifth Third Wealth Advisors LLC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $292,000. Assenagon Asset Management S.A. bought a new position in CNH GLOBAL N V Foreign during the 4th quarter worth $3,000,000. Finally, Park Avenue Securities LLC bought a new stake in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $180,000. Institutional investors own 59.88% of the company's stock.

Insiders Place Their Bets

In related news, CEO Gerrit A. Marx sold 320,472 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kelly Manley sold 3,575 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $45,402.50. Following the completion of the sale, the insider now owns 161,473 shares in the company, valued at $2,050,707.10. This represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 432,866 shares of company stock worth $5,081,828. Company insiders own 1.00% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

CNH remained flat at $13.67 during midday trading on Monday. 12,596,627 shares of the company's stock were exchanged, compared to its average volume of 13,039,195. CNH GLOBAL N V Foreign has a twelve month low of $9.28 and a twelve month high of $13.87. 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 company's 50-day simple moving average is $12.12 and its 200-day simple moving average is $12.05. 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 announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The firm's 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 fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's payout ratio is currently 57.32%.

Analyst Ratings Changes

A number of analysts have commented on CNH shares. Evercore ISI boosted their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday. Robert W. Baird restated a "neutral" rating and issued a $15.00 target price (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research note on Monday, March 3rd. Oppenheimer reduced their target price on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. UBS Group increased their target price 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 reduced their target price on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $14.92.

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.