Cetera Investment Advisers Makes New $669,000 Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

Cetera Investment Advisers bought a new position in CNH GLOBAL N V Foreign (NYSE:CNH) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 59,005 shares of the company’s stock, valued at approximately $669,000.

A number of other large investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new stake in CNH GLOBAL N V Foreign in the fourth quarter worth about $25,000. Quent Capital LLC bought a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth approximately $26,000. Anchor Investment Management LLC bought a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC purchased a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $27,000. Finally, Principal Securities Inc. bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $27,000. Institutional investors own 59.88% of the company’s stock.

Insider Activity at CNH GLOBAL N V Foreign

In other news, insider Stefano Pampalone sold 12,935 shares of CNH GLOBAL N V Foreign stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $150,563.40. Following the completion of the sale, the insider now directly owns 417,384 shares in the company, valued at $4,858,349.76. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gerrit A. Marx sold 320,472 shares of the business’s 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 $3,730,294.08. Following the transaction, the chief executive officer now directly owns 375,136 shares of the company’s stock, valued at $4,366,583.04. The trade was a 46.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 432,866 shares of company stock valued at $5,081,828 over the last ninety days. Insiders own 0.23% of the company’s stock.

CNH GLOBAL N V Foreign Price Performance

Shares of CNH opened at $12.77 on Monday. CNH GLOBAL N V Foreign has a twelve month low of $9.28 and a twelve month high of $13.87. The company has a market capitalization of $15.96 billion, a P/E ratio of 12.40 and a beta of 1.50. The firm has a 50 day moving average of $12.13 and a 200 day moving average of $12.10. The company has a quick ratio of 10.83, a current ratio of 13.21 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 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. 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 had a return on equity of 18.00% and a net margin of 6.62%. CNH GLOBAL N V Foreign’s quarterly revenue was down 20.5% on a year-over-year basis. As a group, equities research analysts anticipate 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 firm also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Investors 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 (DPR) is presently 57.32%.

Analysts Set New Price Targets

CNH has been the subject of a number of research reports. Morgan Stanley decreased their price objective on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Evercore ISI upped their target price on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Wall Street Zen began coverage on shares of CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a “sell” rating for the company. 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, Baird R W cut shares of CNH GLOBAL N V Foreign from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have issued 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, CNH GLOBAL N V Foreign has an average rating of “Moderate Buy” and an average price target of $14.92.

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.