108,798 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 108,798 shares of the company’s stock, valued at approximately $1,233,000.

Several other large investors have also recently made changes to their positions in the company. Colonial Trust Co SC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $25,000. Quent Capital LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $26,000. Anchor Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $26,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $27,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH GLOBAL N V Foreign Price Performance

CNH opened at $12.73 on Friday. The stock’s 50-day moving average price is $12.14 and its 200 day moving average price is $12.22. 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 has a market cap of $15.91 billion, a price-to-earnings ratio of 12.36 and a beta of 1.52.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The business’s revenue was down 20.5% on a year-over-year basis. As a group, sell-side analysts expect 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 company also recently declared an annual dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.25 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 21st. CNH GLOBAL N V Foreign’s dividend payout ratio (DPR) is 57.32%.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $45,402.50. Following the transaction, the insider now directly owns 161,473 shares in the company, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jay Schroeder sold 2,154 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the sale, the chief technology officer now owns 32,762 shares of the company’s stock, valued at $416,077.40. This trade represents a 6.17% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,246 shares of company stock worth $511,732. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CNH. UBS Group upped their target price on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 9th. Northland Securities upgraded 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 report on Friday, April 11th. Truist Financial dropped their target price on 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. Wall Street Zen began coverage on CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They issued a “sell” rating for the company. Finally, Northland Capmk upgraded CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.08.

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.