OMERS ADMINISTRATION Corp Makes New Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

OMERS ADMINISTRATION Corp bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH) during the 4th quarter, Holdings Channel reports. The fund bought 143,875 shares of the company’s stock, valued at approximately $1,630,000.

Other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $1,143,000. 180 Wealth Advisors LLC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $219,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $292,000. Assenagon Asset Management S.A. acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $3,000,000. Finally, Park Avenue Securities LLC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $180,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CNH shares. Evercore ISI lifted their price target on CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Oppenheimer cut their price target 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. Baird R W downgraded CNH GLOBAL N V Foreign from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Morgan Stanley cut their price target on 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. Finally, Northland Securities raised shares of CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.75.

Insider Activity

In related news, insider Stefano Pampalone sold 12,935 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $150,563.40. Following the completion of the sale, the insider now owns 417,384 shares of the company’s stock, valued at approximately $4,858,349.76. This represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Oddone Incisa sold 22,515 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $285,940.50. Following the sale, the chief financial officer now directly owns 856,574 shares of the company’s stock, valued at approximately $10,878,489.80. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 432,866 shares of company stock valued at $5,081,828 in the last 90 days. 1.00% of the stock is currently owned by insiders.

CNH GLOBAL N V Foreign Trading Up 0.8%

NYSE CNH opened at $13.43 on Friday. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87. The company has a 50-day moving average of $12.09 and a 200-day moving average of $12.02. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The company has a market cap of $16.78 billion, a P/E ratio of 13.04 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating 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 company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. The business’s quarterly revenue was down 20.5% on a year-over-year basis. As a group, equities 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 disclosed an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign’s dividend payout ratio is currently 57.32%.

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.