Utah Retirement Systems Makes New $1.64 Million Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

Utah Retirement Systems bought a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 144,379 shares of the company's stock, valued at approximately $1,636,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign in the 3rd quarter valued at $637,235,000. Artisan Partners Limited Partnership acquired a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth about $361,990,000. Vanguard Group Inc. bought a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at about $359,303,000. Charles Schwab Investment Management Inc. acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at about $233,474,000. Finally, Dimensional Fund Advisors LP bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth about $162,095,000. 59.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on CNH shares. JPMorgan Chase & Co. boosted their target price on CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. StockNews.com initiated coverage on CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They set a "sell" rating on the stock. Northland Securities raised CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price target for the company in a report on Friday, April 11th. Citigroup boosted their target price on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday. Finally, UBS Group decreased their price target on shares of CNH GLOBAL N V Foreign from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, CNH GLOBAL N V Foreign presently has an average rating of "Moderate Buy" and an average price target of $14.50.

Insiders Place Their Bets

In other CNH GLOBAL N V Foreign news, Director Suzanne Heywood sold 24,213 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 transaction of $281,839.32. Following the completion of the transaction, the director now owns 551,858 shares of the company's stock, valued at $6,423,627.12. This represents a 4.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $150,563.40. Following the sale, the insider now directly owns 417,384 shares in the company, valued at $4,858,349.76. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 392,620 shares of company stock worth $4,570,097. Company insiders own 1.00% of the company's stock.

CNH GLOBAL N V Foreign Trading Down 0.3 %

Shares of CNH stock traded down $0.04 on Tuesday, reaching $12.39. The company had a trading volume of 10,066,664 shares, compared to its average volume of 12,868,961. The stock has a market cap of $15.46 billion, a PE ratio of 12.02 and a beta of 1.50. The company has a 50-day moving average of $12.04 and a 200-day moving average of $11.92. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign's revenue for the quarter was down 20.5% on a year-over-year basis. On average, 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 firm also recently announced an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be paid 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 payout ratio is 57.32%.

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.