Cresset Asset Management LLC Makes New $220,000 Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

Cresset Asset Management LLC bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,415 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth $25,000. Quent Capital LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $26,000. Anchor Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $26,000. Farther Finance Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $27,000. Finally, Principal Securities Inc. purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gerrit A. Marx sold 320,472 shares of the firm’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 $3,730,294.08. Following the sale, the chief executive officer now directly owns 375,136 shares in the company, valued at $4,366,583.04. This trade represents a 46.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Oddone Incisa sold 32,910 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $383,072.40. Following the sale, the chief financial officer now owns 821,156 shares in the company, valued at $9,558,255.84. This trade represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 432,866 shares of company stock valued at $5,081,828. Company insiders own 1.00% of the company’s stock.

CNH GLOBAL N V Foreign Stock Performance

Shares of CNH stock opened at $13.70 on Monday. The business has a fifty day moving average of $12.10 and a 200 day moving average of $12.04. The firm has a market capitalization of $17.11 billion, a price-to-earnings ratio of 13.30 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 has a 1 year low of $9.28 and a 1 year high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH) last announced its quarterly 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. The company 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%. CNH GLOBAL N V Foreign’s quarterly revenue was down 20.5% compared to the same quarter last year. As a group, research analysts expect 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 business also recently declared an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign’s dividend payout ratio is currently 57.32%.

Wall Street Analysts Forecast Growth

CNH has been the subject of several analyst reports. StockNews.com initiated coverage on CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They set a “sell” rating for the company. Evercore ISI increased their price objective on CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Truist Financial decreased their price objective 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. Oppenheimer decreased their price objective on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Finally, Robert W. Baird reiterated a “neutral” rating and set a $15.00 price objective (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CNH GLOBAL N V Foreign has a consensus rating of “Moderate Buy” and an average target price of $14.75.

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.