Deutsche Bank AG Buys Shares of 1,696,037 CNH GLOBAL N V Foreign (NYSE:CNH)

Deutsche Bank AG purchased a new stake in CNH GLOBAL N V Foreign (NYSE:CNH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,696,037 shares of the company’s stock, valued at approximately $19,216,000. Deutsche Bank AG owned 0.14% of CNH GLOBAL N V Foreign at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in CNH GLOBAL N V Foreign by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company’s stock worth $655,624,000 after buying an additional 664,191 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $361,990,000. Vanguard Group Inc. bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $359,303,000. Charles Schwab Investment Management Inc. acquired a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at $233,474,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at about $162,095,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

CNH has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Citigroup upped their target price on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Baird R W downgraded CNH GLOBAL N V Foreign from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Morgan Stanley decreased their target price on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

CNH GLOBAL N V Foreign Trading Down 0.4%

NYSE:CNH opened at $13.31 on Thursday. The stock has a fifty day simple moving average of $12.09 and a 200 day simple moving average of $12.01. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 12.92 and a beta of 1.50. 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 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 announced its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $4.47 billion. The firm’s revenue was down 20.5% on a year-over-year basis. Sell-side analysts forecast 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 disclosed an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be paid a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign’s dividend payout ratio is 57.32%.

Insiders Place Their Bets

In other news, CEO Gerrit A. Marx sold 320,472 shares of the 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 $3,730,294.08. Following the completion of the sale, the chief executive officer now directly owns 375,136 shares of the company’s stock, valued at $4,366,583.04. This represents a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stefano Pampalone sold 12,935 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $150,563.40. Following the sale, the insider now owns 417,384 shares of the company’s stock, valued at approximately $4,858,349.76. This represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 432,098 shares of company stock worth $5,071,583. Corporate insiders own 1.00% of the company’s stock.

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.