Should You Buy CNH Global NV (ADR) (CNH)?

Page 1 of 2

CNH Global NV (ADR) (NYSE:CNH) was in 23 hedge funds’ portfolio at the end of the first quarter of 2013. CNH shareholders have witnessed an increase in hedge fund sentiment of late. There were 13 hedge funds in our database with CNH holdings at the end of the previous quarter.

CNH Global NV (ADR) (NYSE:CNH)In the 21st century investor’s toolkit, there are plenty of methods shareholders can use to analyze stocks. A couple of the most useful are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top money managers can outpace the S&P 500 by a superb margin (see just how much).

Equally as integral, optimistic insider trading sentiment is another way to break down the marketplace. There are a number of reasons for a corporate insider to cut shares of his or her company, but just one, very clear reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the impressive potential of this method if investors know what to do (learn more here).

With all of this in mind, we’re going to take a peek at the latest action surrounding CNH Global NV (ADR) (NYSE:CNH).

Hedge fund activity in CNH Global NV (ADR) (NYSE:CNH)

At the end of the first quarter, a total of 23 of the hedge funds we track were long in this stock, a change of 77% from the first quarter. With the smart money’s capital changing hands, there exists a select group of key hedge fund managers who were upping their stakes substantially.

Of the funds we track, GAMCO Investors, managed by Mario Gabelli, holds the largest position in CNH Global NV (ADR) (NYSE:CNH). GAMCO Investors has a $83.2 million position in the stock, comprising 0.5% of its 13F portfolio. The second largest stake is held by Southeastern Asset Management, managed by Mason Hawkins, which held a $78.1 million position; 0.4% of its 13F portfolio is allocated to the company. Other peers with similar optimism include Shane Finemore’s Manikay Partners, Joe DiMenna’s ZWEIG DIMENNA PARTNERS and Brian Ashford-Russell and Tim Woolley’s Polar Capital.

As industrywide interest jumped, key hedge funds have jumped into CNH Global NV (ADR) (NYSE:CNH) headfirst. ZWEIG DIMENNA PARTNERS, managed by Joe DiMenna, assembled the biggest position in CNH Global NV (ADR) (NYSE:CNH). ZWEIG DIMENNA PARTNERS had 20.7 million invested in the company at the end of the quarter. Jim Chanos’s Kynikos also made a $11.3 million investment in the stock during the quarter. The other funds with new positions in the stock are Joshua Berkowitz’s Woodbine Capital, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Jim Simons’s Renaissance Technologies.

What have insiders been doing with CNH Global NV (ADR) (NYSE:CNH)?

Insider trading activity, especially when it’s bullish, is best served when the company in focus has experienced transactions within the past six months. Over the last six-month time period, CNH Global NV (ADR) (NYSE:CNH) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to CNH Global NV (ADR) (NYSE:CNH). These stocks are Manitowoc Company, Inc. (NYSE:MTW), Deere & Company (NYSE:DE), Terex Corporation (NYSE:TEX), AGCO Corporation (NYSE:AGCO), and Joy Global Inc. (NYSE:JOY). This group of stocks belong to the farm & construction machinery industry and their market caps match CNH’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!