Legal & General Group Plc decreased its position in shares of Navistar International Corporation (NYSE:NAV) by 19.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,122 shares of the company’s stock after selling 25,417 shares during the period. Legal & General Group Plc owned approximately 0.11% of Navistar International Corporation worth $2,811,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NAV. Strs Ohio purchased a new position in shares of Navistar International Corporation during the first quarter valued at about $901,000. Russell Investments Group Ltd. grew its position in shares of Navistar International Corporation by 99.4% during the first quarter. Russell Investments Group Ltd. now owns 132,967 shares of the company’s stock valued at $3,274,000 after purchasing an additional 66,267 shares in the last quarter. First Trust Advisors LP grew its position in shares of Navistar International Corporation by 44.6% during the first quarter. First Trust Advisors LP now owns 268,537 shares of the company’s stock valued at $6,611,000 after purchasing an additional 82,866 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Navistar International Corporation during the first quarter valued at about $570,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Navistar International Corporation during the first quarter valued at about $327,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Shares of Navistar International Corporation (NYSE:NAV) opened at 40.06 on Tuesday. The firm has a 50-day moving average of $33.19 and a 200 day moving average of $28.36. The company’s market cap is $3.93 billion. Navistar International Corporation has a 52 week low of $19.77 and a 52 week high of $40.71.

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

NAV has been the subject of a number of research analyst reports. Robert W. Baird upgraded Navistar International Corporation from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $32.00 to $33.00 in a research report on Monday, June 5th. Zacks Investment Research lowered Navistar International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Navistar International Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Barclays PLC restated a “sell” rating and set a $20.00 price objective on shares of Navistar International Corporation in a research report on Thursday, June 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $35.00 price objective on shares of Navistar International Corporation in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $32.45.

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 acquired at an average price 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. In the last three months, insiders bought 499,781 shares of company stock valued at $14,693,815. Corporate insiders own 21.80% of the company’s stock.

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

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