TB Alternative Assets Ltd. Invests $1.28 Million in CNH GLOBAL N V Foreign (NYSE:CNH)

TB Alternative Assets Ltd. acquired a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 103,798 shares of the company’s stock, valued at approximately $1,275,000.

Other hedge funds also recently modified their holdings of the company. Moore Capital Management LP acquired a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $10,166,000. Integrated Wealth Concepts LLC acquired a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $163,000. Eisler Capital Management Ltd. acquired a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $2,985,000. Deprince Race & Zollo Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $9,345,000. Finally, Captrust Financial Advisors bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $2,287,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CNH. 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 research note 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 note on Friday, May 9th. Baird R W cut shares of CNH GLOBAL N V Foreign from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Morgan Stanley decreased their price target on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Northland Capmk raised shares of CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.08.

Insider Transactions at CNH GLOBAL N V Foreign

In other news, Director Suzanne Heywood sold 11,053 shares of CNH GLOBAL N V Foreign stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $140,373.10. Following the transaction, the director now directly owns 566,905 shares of the company’s stock, valued at $7,199,693.50. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Oddone Incisa sold 22,515 shares of CNH GLOBAL N V Foreign stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $285,940.50. Following the transaction, the chief financial officer now directly owns 856,574 shares in the company, valued at approximately $10,878,489.80. This represents a 2.56% 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 valued at $511,732 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

CNH GLOBAL N V Foreign Price Performance

Shares of CNH stock opened at $12.73 on Friday. CNH GLOBAL N V Foreign has a 52-week low of $9.28 and a 52-week high of $13.87. The stock has a market cap of $15.91 billion, a PE ratio of 12.36 and a beta of 1.52. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. The firm’s 50 day moving average price is $12.14 and its two-hundred day moving average price is $12.22.

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 net margin of 6.62% and a return on equity of 18.00%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $4.47 billion. The firm’s revenue was down 20.5% on a year-over-year basis. As a group, analysts forecast that CNH GLOBAL N V Foreign will post 0.7 EPS 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. Stockholders of record on Wednesday, May 21st were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign’s dividend payout ratio is 57.32%.

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.