CNH GLOBAL N V Foreign (NYSE:CNH) Insider Sells $45,402.50 in Stock

CNH GLOBAL N V Foreign (NYSE:CNH) insider Kelly Manley sold 3,575 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $45,402.50. Following the completion of the sale, the insider now owns 161,473 shares of the company’s stock, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

CNH GLOBAL N V Foreign Price Performance

CNH stock opened at $13.31 on Thursday. 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 current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The firm’s 50-day moving average price is $12.09 and its two-hundred day moving average price is $12.01. The stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 12.92 and a beta of 1.50.

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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.47 billion. The business’s quarterly revenue was down 20.5% compared to the same quarter last year. 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 firm also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be paid 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 payout ratio is currently 57.32%.

Institutional Investors Weigh In On CNH GLOBAL N V Foreign

Several hedge funds have recently bought and sold shares of CNH. EverSource Wealth Advisors LLC bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth approximately $25,000. Colonial Trust Co SC purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $25,000. Quent Capital LLC purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $26,000. Finally, Principal Securities Inc. purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $27,000. Institutional investors own 59.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Evercore ISI increased their target price on shares of CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Northland Securities upgraded shares of CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Friday, April 11th. Truist Financial cut their price target on shares of 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. StockNews.com started coverage on shares of CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They set a “sell” rating for the company. Finally, UBS Group lifted their price objective on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 9th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, CNH GLOBAL N V Foreign presently has an average rating of “Moderate Buy” and a consensus price target of $14.75.

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.