Nomura Holdings Inc. Takes $1.31 Million Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Nomura Holdings Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 116,008 shares of the company’s stock, valued at approximately $1,314,000.

Other institutional investors have also modified their holdings of the company. Colonial Trust Co SC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at about $25,000. Quent Capital LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at about $26,000. Anchor Investment Management LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at about $26,000. Finally, Farther Finance Advisors LLC acquired a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $27,000. Institutional investors own 59.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CNH. Robert W. Baird reissued 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. Morgan Stanley dropped their target price on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Citigroup lifted their target price on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Truist Financial dropped their target price on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Baird R W lowered CNH GLOBAL N V Foreign from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.75.

Insider Activity at CNH GLOBAL N V Foreign

In related news, Director Suzanne Heywood sold 24,213 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $281,839.32. Following the completion of the sale, the director now directly owns 551,858 shares in the company, valued at $6,423,627.12. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gerrit A. Marx sold 320,472 shares of the business’s stock in a transaction 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 owns 375,136 shares of the company’s stock, valued at $4,366,583.04. This trade represents a 46.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 432,866 shares of company stock worth $5,081,828 in the last ninety days. 1.00% of the stock is owned by company insiders.

CNH GLOBAL N V Foreign Stock Up 2.2%

CNH stock opened at $13.70 on Friday. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The firm has a market capitalization of $17.11 billion, a PE ratio of 13.30 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 business’s 50 day simple moving average is $12.10 and its 200 day simple moving average is $12.03.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. CNH GLOBAL N V Foreign’s revenue was down 20.5% compared to the same quarter last year. As a group, research analysts anticipate 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 will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign’s dividend payout ratio (DPR) is presently 57.32%.

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.