Navistar International Corporation (NAV) Stake Lowered by Jane Street Group LLC
Jane Street Group LLC cut its position in shares of 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 SEC filing.
Other hedge funds have also bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its stake 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 worth $289,000 after buying an additional 264 shares during the last quarter. Sanctuary Wealth Advisors LLC boosted its stake 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 worth $3,025,000 after buying an additional 930 shares during the last quarter. American International Group Inc. boosted its stake 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 worth $751,000 after buying an additional 2,015 shares during the last quarter. Teachers Advisors LLC increased its position in Navistar International Corporation by 2.4% in the first quarter. Teachers Advisors LLC now owns 88,476 shares of the company’s stock worth $2,178,000 after buying an additional 2,051 shares during the period. Finally, Guggenheim Capital LLC bought a new position in Navistar International Corporation during the fourth quarter worth approximately $206,000. Institutional investors own 82.61% of the company’s stock.
Shares of Navistar International Corporation (NYSE:NAV) traded up 0.39% during trading on Thursday, hitting $30.53. The company had a trading volume of 174,049 shares. The stock’s market capitalization is $3.00 billion. Navistar International Corporation has a 52 week low of $11.59 and a 52 week high of $33.46. The firm’s 50 day moving average is $27.92 and its 200-day moving average is $27.00.
Navistar International Corporation (NYSE:NAV) last issued its quarterly earnings results on Wednesday, June 7th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.65. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the business posted $0.05 earnings per share. Navistar International Corporation’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts anticipate that Navistar International Corporation will post ($0.72) EPS for the current fiscal year.
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A number of research firms recently commented on NAV. Zacks Investment Research downgraded Navistar International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies reissued a “hold” rating and set a $27.00 target price on shares of Navistar International Corporation in a research note on Thursday. BidaskClub downgraded Navistar International Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Navistar International Corporation in a research note on Thursday, April 6th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $31.00 price target on shares of Navistar International Corporation in a research report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Navistar International Corporation currently has an average rating of “Hold” and a consensus target price of $27.29.
In related news, major shareholder Truck & Bus Gmbh Volkswagen purchased 43,501 shares of Navistar International Corporation stock in a transaction on Monday, July 17th. The stock was purchased at an average cost of $29.25 per share, with a total value of $1,272,404.25. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders acquired 385,164 shares of company stock valued at $11,263,491. Insiders own 21.80% of the company’s stock.
About Navistar International Corporation
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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