AYAL Capital Advisors Ltd Makes New $5.38 Million Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

AYAL Capital Advisors Ltd acquired a new stake in CNH GLOBAL N V Foreign (NYSE:CNH) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 475,000 shares of the company’s stock, valued at approximately $5,382,000. CNH GLOBAL N V Foreign comprises approximately 1.4% of AYAL Capital Advisors Ltd’s investment portfolio, making the stock its 20th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNH. Hsbc Holdings PLC acquired a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at about $1,455,000. Mariner LLC acquired a new stake in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $744,000. Pallas Capital Advisors LLC purchased a new position in CNH GLOBAL N V Foreign in the fourth quarter worth approximately $380,000. International Assets Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $160,000. Finally, GAMMA Investing LLC acquired a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at $30,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CNH. UBS Group dropped their target price on CNH GLOBAL N V Foreign from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Morgan Stanley cut 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. Truist Financial lowered their price target on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. 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 on the stock in a report on Friday, April 11th. Finally, Sanford C. Bernstein upgraded shares of CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and upped their target price for the company from $11.00 to $17.00 in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CNH GLOBAL N V Foreign has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

CNH GLOBAL N V Foreign Stock Down 0.2 %

CNH GLOBAL N V Foreign stock opened at $12.39 on Friday. The stock has a 50 day moving average of $12.05 and a two-hundred day moving average of $11.90. CNH GLOBAL N V Foreign has a twelve month low of $9.28 and a twelve month high of $13.87. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 12.03 and a beta of 1.43. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54.

CNH GLOBAL N V Foreign (NYSE:CNH) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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%. CNH GLOBAL N V Foreign’s quarterly revenue was down 20.5% on a year-over-year basis. As a group, research analysts expect 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 given 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 payout ratio is currently 45.63%.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In related news, Director Suzanne Heywood sold 24,213 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $281,839.32. Following the sale, the director now owns 551,858 shares of the company’s stock, valued at approximately $6,423,627.12. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stefano Pampalone sold 12,935 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $150,563.40. Following the transaction, the insider now owns 417,384 shares in the company, valued at $4,858,349.76. The trade was a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 392,620 shares of company stock valued at $4,570,097. 1.00% of the stock is owned by corporate insiders.

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.