Hennessy Advisors Inc. cut its position in shares of Navistar International Corporation (NYSE:NAV) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,233,268 shares of the company’s stock after selling 117,100 shares during the period. Navistar International Corporation makes up 1.7% of Hennessy Advisors Inc.’s holdings, making the stock its 11th biggest holding. Hennessy Advisors Inc. owned 1.26% of Navistar International Corporation worth $54,350,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL purchased a new stake in shares of Navistar International Corporation in the 2nd quarter valued at approximately $175,453,000. Vanguard Group Inc. raised its stake in shares of Navistar International Corporation by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock valued at $110,673,000 after acquiring an additional 96,310 shares during the period. Ardevora Asset Management LLP raised its stake in shares of Navistar International Corporation by 32.1% in the 2nd quarter. Ardevora Asset Management LLP now owns 1,361,100 shares of the company’s stock valued at $35,702,000 after acquiring an additional 330,700 shares during the period. Impala Asset Management LLC purchased a new stake in shares of Navistar International Corporation in the 2nd quarter valued at approximately $29,727,000. Finally, State Street Corp raised its stake in shares of Navistar International Corporation by 2.5% in the 2nd quarter. State Street Corp now owns 1,012,715 shares of the company’s stock valued at $26,565,000 after acquiring an additional 25,176 shares during the period. 83.90% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Truck & Bus Gmbh Volkswagen purchased 25,367 shares of the stock in a transaction on Monday, August 21st. The stock was bought at an average price of $29.90 per share, for a total transaction of $758,473.30. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen R. D’arcy sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $44.34, for a total transaction of $44,340.00. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Navistar International Corporation from $41.00 to $45.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Zacks Investment Research raised shares of Navistar International Corporation from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, October 10th. OTR Global raised shares of Navistar International Corporation to a “positive” rating in a research note on Thursday, October 12th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 price target on shares of Navistar International Corporation in a research note on Tuesday, September 26th. Finally, Aegis reissued a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Navistar International Corporation in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.67.

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Shares of Navistar International Corporation (NYSE:NAV) traded down $1.16 during mid-day trading on Thursday, hitting $39.76. 206,467 shares of the company were exchanged, compared to its average volume of 565,169. The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of -0.86. Navistar International Corporation has a 52-week low of $22.89 and a 52-week high of $45.47.

Navistar International Corporation (NYSE:NAV) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm posted ($0.42) EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. research analysts predict that Navistar International Corporation will post -0.51 EPS for the current year.

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

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