Trinity Street Asset Management LLP Sells 6,439 Shares of CNH GLOBAL N V Foreign (NYSE:CNH)

Trinity Street Asset Management LLP reduced its position in CNH GLOBAL N V Foreign (NYSE:CNH) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,891,690 shares of the company’s stock after selling 6,439 shares during the quarter. CNH GLOBAL N V Foreign accounts for approximately 2.4% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 11th largest holding. Trinity Street Asset Management LLP’s holdings in CNH GLOBAL N V Foreign were worth $23,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CNH. Artisan Partners Limited Partnership bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $361,990,000. Vanguard Group Inc. bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $359,303,000. Charles Schwab Investment Management Inc. bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $233,474,000. Dimensional Fund Advisors LP bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $162,095,000. Finally, Marathon Asset Management Ltd bought a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at about $161,043,000. 59.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CNH GLOBAL N V Foreign news, CTO Jay Schroeder sold 2,154 shares of CNH GLOBAL N V Foreign stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the completion of the transaction, the chief technology officer now directly owns 32,762 shares of the company’s stock, valued at $416,077.40. The trade was a 6.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Suzanne Heywood sold 11,053 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 value of $140,373.10. Following the completion of the transaction, the director now directly owns 566,905 shares of the company’s stock, valued at approximately $7,199,693.50. This represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,246 shares of company stock valued at $511,732. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CNH has been the subject of several analyst reports. Oppenheimer decreased their price target 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 report on Tuesday, April 22nd. UBS Group increased 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 report on Friday, May 9th. 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 objective for the company in a research report on Friday, April 11th. Citigroup increased their price objective on shares of CNH GLOBAL N V Foreign from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wall Street Zen initiated coverage on shares of CNH GLOBAL N V Foreign in a research report on Wednesday, April 30th. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.08.

CNH GLOBAL N V Foreign Stock Down 0.8%

NYSE CNH opened at $12.41 on Tuesday. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. The business’s fifty day simple moving average is $12.12 and its 200-day simple moving average is $12.18. The firm has a market cap of $15.50 billion, a PE ratio of 12.04 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $3.83 billion during 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%. The firm’s revenue was down 20.5% compared to the same quarter last year. As a group, 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 firm also recently disclosed an annual dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were given a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 21st. CNH GLOBAL N V Foreign’s payout ratio is 57.32%.

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.