Victory Capital Management Inc. cut its stake in shares of Navistar International Corporation (NYSE:NAV) by 22.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,757 shares of the company’s stock after selling 17,930 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Navistar International Corporation worth $2,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its stake in shares of Navistar International Corporation by 10.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after acquiring an additional 430 shares in the last quarter. Creative Planning boosted its stake 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 acquiring an additional 389 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of Navistar International Corporation by 1.2% during the 2nd quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock worth $185,000 after acquiring an additional 81 shares in the last quarter. Bank of Montreal Can boosted its stake 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 acquiring an additional 4,065 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake 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 acquiring an additional 6,645 shares in the last quarter. 82.32% of the stock is owned by institutional investors and hedge funds.

In related news, Director Stephen R. D’arcy sold 1,000 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $44.34, for a total transaction of $44,340.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Truck & Bus Gmbh Volkswagen acquired 25,367 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $29.90 per share, with a total value of $758,473.30. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

NAV has been the subject of several research reports. Aegis reissued a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Navistar International Corporation in a research note on Tuesday, September 26th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 price objective on shares of Navistar International Corporation in a research note on Tuesday, September 26th. BidaskClub raised Navistar International Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Robert W. Baird reissued a “buy” rating on shares of Navistar International Corporation in a research note on Tuesday, September 5th. Finally, Zacks Investment Research raised Navistar International Corporation from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $37.67.

Shares of Navistar International Corporation (NAV) opened at $37.60 on Friday. The company has a debt-to-equity ratio of -0.86, a quick ratio of 0.94 and a current ratio of 1.23. Navistar International Corporation has a 12-month low of $22.89 and a 12-month 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the business posted ($0.42) earnings per share. Navistar International Corporation’s revenue was up 6.1% on a year-over-year basis. research analysts anticipate that Navistar International Corporation will post -0.51 EPS for the current fiscal year.

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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).

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

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