Investment Management Corp of Ontario Buys Shares of 24,400 CNH GLOBAL N V Foreign (NYSE:CNH)

Investment Management Corp of Ontario bought a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,400 shares of the company’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNH. GAMMA Investing LLC bought a new stake in CNH GLOBAL N V Foreign during the 4th quarter valued at $30,000. International Assets Investment Management LLC bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $160,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $1,143,000. CHICAGO TRUST Co NA bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $375,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $380,000. Institutional investors own 59.88% of the company’s stock.

CNH GLOBAL N V Foreign Stock Up 0.6%

Shares of NYSE:CNH opened at $13.38 on Wednesday. The stock’s 50-day moving average price is $12.08 and its 200-day moving average price is $11.98. CNH GLOBAL N V Foreign has a 12-month low of $9.28 and a 12-month high of $13.87. The stock has a market capitalization of $16.72 billion, a P/E ratio of 12.99 and a beta of 1.50. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54.

CNH GLOBAL N V Foreign (NYSE:CNH) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.47 billion. CNH GLOBAL N V Foreign’s revenue for the quarter was down 20.5% compared to the same quarter last year. On average, equities analysts anticipate 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 announced an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be issued 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%.

Insider Transactions at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $3,730,294.08. Following the completion of the sale, the chief executive officer now directly owns 375,136 shares in the company, valued at $4,366,583.04. This trade represents a 46.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Oddone Incisa sold 22,515 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $285,940.50. Following the completion of the sale, the chief financial officer now owns 856,574 shares of the company’s stock, valued at $10,878,489.80. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 431,917 shares of company stock worth $5,069,169. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CNH has been the topic of several research analyst reports. Citigroup upped their price target on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Oppenheimer decreased their price target on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. 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. Robert W. Baird reaffirmed a “neutral” rating and issued a $15.00 price target (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. 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 price target on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.