CNH GLOBAL N V Foreign (NYSE:CNH) Stock Holdings Increased by Merit Financial Group LLC

Merit Financial Group LLC increased its position in shares of CNH GLOBAL N V Foreign (NYSE:CNH) by 21.4% during the first quarter, Holdings Channel reports. The fund owned 23,232 shares of the company’s stock after acquiring an additional 4,090 shares during the quarter. Merit Financial Group LLC’s holdings in CNH GLOBAL N V Foreign were worth $285,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CNH. Artisan Partners Limited Partnership acquired a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $361,990,000. Vanguard Group Inc. bought a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $359,303,000. Charles Schwab Investment Management Inc. acquired a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at $233,474,000. Dimensional Fund Advisors LP acquired a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at $162,095,000. Finally, Marathon Asset Management Ltd acquired a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at $161,043,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CNH. Northland Capmk raised shares of CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Robert W. Baird reaffirmed 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. Citigroup lifted their price objective on shares of CNH GLOBAL N V Foreign from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Wall Street Zen assumed coverage on shares of CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They set a “sell” rating on the stock. Finally, Baird R W downgraded shares of CNH GLOBAL N V Foreign from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CNH GLOBAL N V Foreign currently has an average rating of “Moderate Buy” and a consensus target price of $15.08.

CNH GLOBAL N V Foreign Price Performance

Shares of CNH opened at $12.93 on Thursday. The company has a market cap of $16.15 billion, a price-to-earnings ratio of 12.55 and a beta of 1.52. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The company’s fifty day simple moving average is $12.22 and its 200 day simple moving average is $12.25. 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 (NYSE:CNH) last issued its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign’s revenue was down 20.5% on a year-over-year basis. On average, 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 business also recently disclosed an annual dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign’s dividend payout ratio is currently 57.32%.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In related news, Director Suzanne Heywood sold 11,053 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the sale, the director now owns 566,905 shares of the company’s stock, valued at $7,199,693.50. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kelly Manley sold 3,575 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $45,402.50. Following the sale, the insider now directly owns 161,473 shares of the company’s stock, valued at $2,050,707.10. This represents a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,246 shares of company stock worth $511,732 over the last ninety days. Insiders own 0.23% of the company’s stock.

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.