CNH GLOBAL N V Foreign (NYSE:CNH) Shares Acquired by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA grew its position in shares of CNH GLOBAL N V Foreign (NYSE:CNH) by 51.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 50,191 shares of the company’s stock after buying an additional 17,123 shares during the period. CHICAGO TRUST Co NA’s holdings in CNH GLOBAL N V Foreign were worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $25,000. Quent Capital LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $26,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $27,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Robert W. Baird reiterated a “neutral” rating and issued a $15.00 target price (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. Oppenheimer cut their target price on shares of 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. Citigroup raised their price target on shares of CNH GLOBAL N V Foreign from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Finally, Northland Securities upgraded 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.08.

CNH GLOBAL N V Foreign Trading Up 1.0%

CNH opened at $12.86 on Tuesday. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of 12.48 and a beta of 1.52. The company’s 50 day simple moving average is $12.15 and its two-hundred day simple moving average is $12.24. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $4.47 billion. The business’s quarterly revenue was down 20.5% on a year-over-year basis. Analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were paid a $0.25 dividend. This represents a dividend yield of 3.8%. The ex-dividend date was Wednesday, May 21st. CNH GLOBAL N V Foreign’s dividend payout ratio (DPR) is presently 57.32%.

Insider Transactions 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 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 transaction, the insider now directly owns 161,473 shares of the company’s stock, valued at $2,050,707.10. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Suzanne Heywood sold 11,053 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the transaction, the director now owns 566,905 shares in the company, valued at $7,199,693.50. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,246 shares of company stock worth $511,732 in the last quarter. Company insiders own 1.00% of the company’s stock.

CNH GLOBAL N V Foreign 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.