4,748,222 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Purchased by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN acquired a new position in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,748,222 shares of the company's stock, valued at approximately $53,797,000. CNH GLOBAL N V Foreign accounts for 2.5% of Southeastern Asset Management Inc. TN's portfolio, making the stock its 16th largest holding. Southeastern Asset Management Inc. TN owned approximately 0.38% of CNH GLOBAL N V Foreign at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its position in CNH GLOBAL N V Foreign by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock worth $655,624,000 after acquiring an additional 664,191 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $361,990,000. Vanguard Group Inc. purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $359,303,000. Charles Schwab Investment Management Inc. purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $233,474,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $162,095,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH GLOBAL N V Foreign Price Performance

CNH GLOBAL N V Foreign stock remained flat at $13.67 during midday trading on Monday. The company's stock had a trading volume of 12,596,627 shares, compared to its average volume of 13,039,195. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The stock has a market cap of $17.08 billion, a P/E ratio of 13.27 and a beta of 1.50. The stock's fifty day moving average is $12.12 and its 200-day moving average is $12.05.

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. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $4.47 billion. The business's revenue for the quarter was down 20.5% compared to the same quarter last year. As a group, equities analysts forecast that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The company also recently announced 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 dividend payout ratio (DPR) is currently 57.32%.

Insider Transactions at CNH GLOBAL N V Foreign

In other news, CTO Jay Schroeder sold 2,154 shares of CNH GLOBAL N V Foreign stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $27,355.80. Following the sale, the chief technology officer now owns 32,762 shares in the company, valued at approximately $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Oddone Incisa sold 22,515 shares of CNH GLOBAL N V Foreign stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $285,940.50. Following the sale, the chief financial officer now owns 856,574 shares in the company, valued at $10,878,489.80. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 432,866 shares of company stock worth $5,081,828. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CNH. Morgan Stanley lowered 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. Citigroup increased their price objective on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Northland Securities upgraded CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Friday, April 11th. Truist Financial decreased 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 report on Tuesday, April 8th. Finally, StockNews.com assumed coverage on CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They issued a "sell" rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.