Schonfeld Strategic Advisors LLC Buys New Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Schonfeld Strategic Advisors LLC bought a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 115,680 shares of the company's stock, valued at approximately $1,311,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC purchased a new position in CNH GLOBAL N V Foreign during the fourth quarter worth approximately $25,908,000. Northern Trust Corp purchased a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $91,407,000. The Manufacturers Life Insurance Company acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at about $11,078,000. Tudor Investment Corp ET AL purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $712,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $16,637,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 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 transaction of $3,730,294.08. Following the sale, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Suzanne Heywood sold 24,213 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $281,839.32. Following the completion of the transaction, the director now directly owns 551,858 shares in the company, valued at $6,423,627.12. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 392,620 shares of company stock valued at $4,570,097 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Oppenheimer decreased their target price on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Citigroup upped their price objective on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 5th. Truist Financial cut their target price on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Northland Capmk upgraded CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Finally, Evercore ISI increased their price target on CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CNH GLOBAL N V Foreign has an average rating of "Moderate Buy" and an average target price of $14.75.

CNH GLOBAL N V Foreign Stock Up 3.8%

Shares of NYSE CNH traded up $0.48 during midday trading on Monday, hitting $13.25. The company's stock had a trading volume of 3,442,218 shares, compared to its average volume of 12,856,370. CNH GLOBAL N V Foreign has a 1 year low of $9.28 and a 1 year high of $13.87. The business's fifty day simple moving average is $12.05 and its two-hundred day simple moving average is $11.96. The firm has a market capitalization of $16.56 billion, a price-to-earnings ratio of 12.89 and a beta of 1.50. 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 (NYSE:CNH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $4.47 billion. The business's quarterly revenue was down 20.5% compared to the same quarter last year. On average, equities analysts predict that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

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

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.