State Street Corp increased its position in Navistar International Corporation (NYSE:NAV) by 0.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 987,539 shares of the company’s stock after buying an additional 1,977 shares during the period. State Street Corp owned approximately 1.01% of Navistar International Corporation worth $24,308,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in shares of Navistar International Corporation by 2.3% in the first quarter. Oppenheimer & Co. Inc. now owns 11,720 shares of the company’s stock valued at $289,000 after buying an additional 264 shares during the period. Sanctuary Wealth Advisors LLC raised its position in shares of Navistar International Corporation by 0.8% in the first quarter. Sanctuary Wealth Advisors LLC now owns 122,874 shares of the company’s stock valued at $3,025,000 after buying an additional 930 shares during the period. American International Group Inc. raised its position in shares of Navistar International Corporation by 7.1% in the first quarter. American International Group Inc. now owns 30,490 shares of the company’s stock valued at $751,000 after buying an additional 2,015 shares during the period. Teachers Advisors LLC raised its position in shares of Navistar International Corporation by 2.4% in the first quarter. Teachers Advisors LLC now owns 88,476 shares of the company’s stock valued at $2,178,000 after buying an additional 2,051 shares during the period. Finally, Guggenheim Capital LLC purchased a new position in shares of Navistar International Corporation during the fourth quarter valued at approximately $206,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.
Navistar International Corporation (NAV) opened at 30.35 on Friday. The company has a 50 day moving average price of $29.55 and a 200 day moving average price of $27.25. The firm’s market capitalization is $2.98 billion. Navistar International Corporation has a 52-week low of $13.30 and a 52-week high of $33.46.
Navistar International Corporation (NYSE:NAV) last issued its quarterly earnings data on Wednesday, June 7th. The company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.65. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.08 billion. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. On average, equities analysts forecast that Navistar International Corporation will post ($0.77) EPS for the current fiscal year.
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Several equities research analysts have weighed in on NAV shares. UBS AG restated a “neutral” rating and issued a $31.00 target price (up previously from $29.00) on shares of Navistar International Corporation in a research note on Sunday, June 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price objective on shares of Navistar International Corporation in a research report on Tuesday, May 9th. BidaskClub raised Navistar International Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 target price on shares of Navistar International Corporation in a report on Friday, July 21st. Finally, Robert W. Baird upgraded Navistar International Corporation from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $32.00 to $33.00 in a research report on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.29.
In related news, major shareholder Truck & Bus Gmbh Volkswagen bought 24,900 shares of the stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $29.95 per share, with a total value of $745,755.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 434,864 shares of company stock worth $12,752,006. 21.80% of the stock is owned by corporate insiders.
Navistar International Corporation Company Profile
Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations).
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