Oppenheimer & Co. Inc. increased its stake in shares of Navistar International Corporation (NYSE:NAV) by 11.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,119 shares of the company’s stock after buying an additional 1,399 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Navistar International Corporation were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NAV. FNY Partners Fund LP bought a new position in shares of Navistar International Corporation during the 1st quarter worth approximately $123,000. Creative Planning lifted its position in shares of Navistar International Corporation by 7.7% during the 2nd quarter. Creative Planning now owns 5,464 shares of the company’s stock worth $143,000 after buying an additional 389 shares during the period. Bank of Montreal Can lifted its position in shares of Navistar International Corporation by 88.5% during the 2nd quarter. Bank of Montreal Can now owns 8,659 shares of the company’s stock worth $228,000 after buying an additional 4,065 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Navistar International Corporation by 262.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,180 shares of the company’s stock worth $241,000 after buying an additional 6,645 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Navistar International Corporation during the 1st quarter worth approximately $327,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

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In other news, major shareholder Truck & Bus Gmbh Volkswagen purchased 43,501 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was bought at an average cost of $29.25 per share, for a total transaction of $1,272,404.25. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 499,781 shares of company stock valued at $14,693,815 over the last quarter. 21.80% of the stock is owned by corporate insiders.

Several equities analysts recently commented on NAV shares. Robert W. Baird restated a “buy” rating on shares of Navistar International Corporation in a research report on Tuesday, September 5th. Zacks Investment Research downgraded Navistar International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Deutsche Bank AG raised their target price on Navistar International Corporation from $26.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. BidaskClub downgraded Navistar International Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Jefferies Group LLC restated a “positive” rating and set a $47.00 target price (up previously from $35.00) on shares of Navistar International Corporation in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.73.

Navistar International Corporation (NYSE:NAV) opened at 39.14 on Monday. The firm has a 50-day moving average price of $32.92 and a 200 day moving average price of $28.26. The company’s market cap is $3.84 billion. Navistar International Corporation has a 12 month low of $18.86 and a 12 month high of $39.38.

Navistar International Corporation (NYSE:NAV) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts expect that Navistar International Corporation will post ($0.56) earnings per share for the current year.

Navistar International Corporation 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).

Institutional Ownership by Quarter for Navistar International Corporation (NYSE:NAV)

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