CNH GLOBAL N V Foreign Sees Unusually High Options Volume (NYSE:CNH)

CNH GLOBAL N V Foreign (NYSE:CNH) was the recipient of some unusual options trading activity on Friday. Stock traders bought 15,126 call options on the stock. This is an increase of approximately 925% compared to the average daily volume of 1,475 call options.

Insider Activity

In other CNH GLOBAL N V Foreign news, 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 value of $150,563.40. Following the completion of the sale, the insider now owns 417,384 shares in the company, valued at $4,858,349.76. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Suzanne Heywood sold 24,213 shares of CNH GLOBAL N V Foreign stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $281,839.32. Following the transaction, the director now directly owns 551,858 shares in the company, valued at approximately $6,423,627.12. The trade was a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 392,620 shares of company stock valued at $4,570,097 in the last quarter. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CNH GLOBAL N V Foreign

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $30,000. Nordea Investment Management AB purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at $1,441,000. International Assets Investment Management LLC bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $160,000. Wealth Enhancement Advisory Services LLC purchased a new stake in CNH GLOBAL N V Foreign in the fourth quarter worth $1,143,000. Finally, Ridgewood Investments LLC bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $1,616,000. 59.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CNH has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Oppenheimer lowered their price objective on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Northland Capmk upgraded CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. StockNews.com initiated coverage on CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a “sell” rating for the company. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $15.00 price target (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CNH GLOBAL N V Foreign has a consensus rating of “Moderate Buy” and an average target price of $14.75.

CNH GLOBAL N V Foreign Trading Up 1.3 %

Shares of NYSE CNH opened at $12.77 on Friday. 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 debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The business’s 50 day moving average is $12.05 and its two-hundred day moving average is $11.96. The stock has a market capitalization of $15.94 billion, a P/E ratio of 12.40 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH) last released its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $3.83 billion for 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 business’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 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign’s dividend payout ratio is presently 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.