Jane Street Group LLC Sells 39,254 Shares of Navistar International Corporation (NAV)
Jane Street Group LLC reduced its stake in Navistar International Corporation (NYSE:NAV) by 78.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,708 shares of the company’s stock after selling 39,254 shares during the period. Jane Street Group LLC’s holdings in Navistar International Corporation were worth $264,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Navistar International Corporation by 93.5% in the first quarter. Dimensional Fund Advisors LP now owns 486,973 shares of the company’s stock valued at $11,989,000 after buying an additional 235,310 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Navistar International Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,122,984 shares of the company’s stock worth $101,508,000 after buying an additional 199,826 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Navistar International Corporation during the first quarter worth about $3,742,000. Quantitative Investment Management LLC acquired a new position in shares of Navistar International Corporation during the first quarter worth about $3,111,000. Finally, Menta Capital LLC raised its position in shares of Navistar International Corporation by 973.8% in the first quarter. Menta Capital LLC now owns 127,780 shares of the company’s stock worth $3,146,000 after buying an additional 115,880 shares during the period. Institutional investors and hedge funds own 82.42% of the company’s stock.
Shares of Navistar International Corporation (NAV) traded down 1.02% on Wednesday, reaching $29.11. The company had a trading volume of 552,867 shares. Navistar International Corporation has a 12 month low of $11.57 and a 12 month high of $33.46. The company’s market capitalization is $2.86 billion. The stock has a 50 day moving average price of $27.43 and a 200-day moving average price of $27.02.
Navistar International Corporation (NYSE:NAV) last issued its earnings results on Wednesday, June 7th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.65. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the firm earned $0.05 EPS. The business’s revenue was down 4.6% on a year-over-year basis. Analysts forecast that Navistar International Corporation will post ($0.68) EPS for the current fiscal year.
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A number of research analysts have recently issued reports on NAV shares. Barclays PLC set a $17.00 target price on Navistar International Corporation and gave the company a “sell” rating in a research report on Saturday, April 1st. Seaport Global Securities restated a “neutral” rating on shares of Navistar International Corporation in a report on Thursday, April 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 target price on shares of Navistar International Corporation in a research note on Thursday, April 6th. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price objective on shares of Navistar International Corporation in a research report on Tuesday, May 9th. Finally, Robert W. Baird raised Navistar International Corporation from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $32.00 to $33.00 in a research report on Monday, June 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.31.
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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