AYAL Capital Advisors Ltd Makes New Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

AYAL Capital Advisors Ltd acquired a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 475,000 shares of the company’s stock, valued at approximately $5,382,000. CNH GLOBAL N V Foreign comprises approximately 1.4% of AYAL Capital Advisors Ltd’s holdings, making the stock its 20th biggest holding.

Several other hedge funds have also recently made changes to their positions in CNH. EverSource Wealth Advisors LLC acquired a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $25,000. Quent Capital LLC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter worth approximately $26,000. Anchor Investment Management LLC purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC acquired a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $27,000. Finally, Principal Securities Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $27,000. 59.88% of the stock is owned by institutional investors and hedge funds.

CNH GLOBAL N V Foreign Trading Down 0.2 %

CNH stock opened at $12.39 on Friday. CNH GLOBAL N V Foreign has a 12-month low of $9.28 and a 12-month high of $13.87. The business’s 50-day moving average is $12.05 and its 200 day moving average is $11.90. 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 $15.46 billion, a price-to-earnings ratio of 12.03 and a beta of 1.43.

CNH GLOBAL N V Foreign (NYSE:CNH) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The firm’s revenue was down 20.5% compared to the same quarter last year. On average, sell-side analysts anticipate that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be issued a $0.25 dividend. The ex-dividend date is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign’s payout ratio is 45.63%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CNH shares. Sanford C. Bernstein raised shares of CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and upped their price target for the company from $11.00 to $17.00 in a report on Monday, January 6th. Citigroup dropped their target price on CNH GLOBAL N V Foreign from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird reissued a “neutral” rating and issued a $15.00 price target (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Truist Financial dropped their price objective on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley decreased their target price on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.33.

Insider Activity

In related news, insider Stefano Pampalone sold 12,935 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $150,563.40. Following the sale, the insider now owns 417,384 shares in the company, valued at approximately $4,858,349.76. The trade was a 3.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Suzanne Heywood sold 24,213 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $281,839.32. Following the transaction, the director now directly owns 551,858 shares in the company, valued at approximately $6,423,627.12. The trade was a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 392,620 shares of company stock worth $4,570,097 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.