Insider Selling: CNH GLOBAL N V Foreign (NYSE:CNH) Director Sells 11,053 Shares of Stock

CNH GLOBAL N V Foreign (NYSE:CNH) Director Suzanne Heywood sold 11,053 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $140,373.10. Following the transaction, the director now owns 566,905 shares in the company, valued at approximately $7,199,693.50. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Suzanne Heywood also recently made the following trade(s):

• On Tuesday, March 4th, Suzanne Heywood sold 24,213 shares of CNH GLOBAL N V Foreign stock. The stock was sold at an average price of $11.64, for a total transaction of $281,839.32.

CNH GLOBAL N V Foreign Price Performance

NYSE CNH opened at $13.31 on Thursday. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. The company has a market cap of $16.63 billion, a PE ratio of 12.92 and a beta of 1.50. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87. The firm’s 50-day simple moving average is $12.09 and its two-hundred day simple moving average is $12.01.

CNH GLOBAL N V Foreign (NYSE:CNH) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The firm’s revenue was down 20.5% compared to the same quarter last year. Research analysts predict 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 announced 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. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign’s dividend payout ratio is currently 57.32%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Evercore ISI boosted their price target on shares of CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. StockNews.com assumed coverage on CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a “sell” rating on the stock. Northland Capmk raised CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. Morgan Stanley cut their price objective on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Oppenheimer reduced 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 research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

Hedge Funds Weigh In On CNH GLOBAL N V Foreign

A number of large investors have recently made changes to their positions in CNH. Moore Capital Management LP bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $10,166,000. Integrated Wealth Concepts LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $163,000. Eisler Capital Management Ltd. bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $2,985,000. Deprince Race & Zollo Inc. purchased a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $9,345,000. Finally, Captrust Financial Advisors bought a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth approximately $2,287,000. 59.88% of the stock is owned by institutional investors.

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.