Invictus RG Takes Position in Navistar International Corp (NAV)
Invictus RG bought a new stake in Navistar International Corp (NYSE:NAV) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,394 shares of the company’s stock, valued at approximately $150,000.
Several other hedge funds and other institutional investors have also modified their holdings of NAV. Teachers Advisors LLC boosted its stake in Navistar International by 2.4% during 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. Dimensional Fund Advisors LP boosted its stake in shares of Navistar International by 93.5% in the first quarter. Dimensional Fund Advisors LP now owns 486,973 shares of the company’s stock valued at $11,989,000 after purchasing an additional 235,310 shares during the period. Bank of Montreal Can boosted its stake in shares of Navistar International by 88.5% in the second quarter. Bank of Montreal Can now owns 8,659 shares of the company’s stock valued at $228,000 after purchasing an additional 4,065 shares during the period. Creative Planning boosted its stake in shares of Navistar International by 7.7% in the second quarter. Creative Planning now owns 5,464 shares of the company’s stock valued at $143,000 after purchasing an additional 389 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of Navistar International by 2.4% in the second quarter. Aperio Group LLC now owns 23,707 shares of the company’s stock valued at $622,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 83.24% of the company’s stock.
In related news, Director Stephen R. D’arcy sold 1,000 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $44.34, for a total value of $44,340.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 21.80% of the stock is owned by insiders.
Navistar International (NYSE:NAV) last released its quarterly earnings data on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the firm earned ($0.42) earnings per share. Navistar International’s quarterly revenue was up 6.1% on a year-over-year basis. equities analysts expect that Navistar International Corp will post -0.5 earnings per share for the current year.
Several research analysts have recently commented on the stock. Aegis reissued a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Navistar International in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Navistar International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 21st. Royal Bank Of Canada raised their price objective on shares of Navistar International from $31.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, September 7th. Susquehanna Bancshares initiated coverage on shares of Navistar International in a report on Wednesday, November 29th. They set a “positive” rating and a $50.00 price objective on the stock. Finally, UBS reissued a “neutral” rating and set a $39.00 price objective (up previously from $31.00) on shares of Navistar International in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $38.62.
About Navistar International
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).
Receive News & Stock Ratings for Navistar International Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navistar International Corp and related stocks with our FREE daily email newsletter.