Russell Investments Group Ltd. decreased its holdings in shares of Navistar International Corp (NYSE:NAV) by 29.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,461 shares of the company’s stock after selling 45,285 shares during the period. Russell Investments Group Ltd.’s holdings in Navistar International were worth $3,795,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Creative Planning increased its stake in Navistar International by 5.0% during the second quarter. Creative Planning now owns 8,200 shares of the company’s stock valued at $282,000 after purchasing an additional 390 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Navistar International during the second quarter worth about $34,000. Rhumbline Advisers grew its position in shares of Navistar International by 1.4% during the first quarter. Rhumbline Advisers now owns 74,322 shares of the company’s stock worth $2,401,000 after acquiring an additional 1,011 shares during the last quarter. Zeke Capital Advisors LLC grew its position in shares of Navistar International by 1.8% during the second quarter. Zeke Capital Advisors LLC now owns 59,796 shares of the company’s stock worth $2,060,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Navistar International during the second quarter worth about $37,000. Hedge funds and other institutional investors own 77.90% of the company’s stock.

Several equities analysts have recently commented on NAV shares. Goldman Sachs Group upgraded shares of Navistar International from a “sell” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Friday, September 6th. Wells Fargo & Co lowered their price target on shares of Navistar International from $35.00 to $27.00 and set a “market perform” rating for the company in a research report on Thursday, September 5th. UBS Group lowered their price target on shares of Navistar International from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. ValuEngine lowered shares of Navistar International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Navistar International from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.11.

NAV stock traded down $0.76 during trading on Monday, hitting $28.79. The company had a trading volume of 257,964 shares, compared to its average volume of 631,980. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 0.47 and a beta of 2.23. The business has a 50 day moving average of $26.07 and a 200 day moving average of $31.55. Navistar International Corp has a fifty-two week low of $21.32 and a fifty-two week high of $43.12.

Navistar International (NYSE:NAV) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.35. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.92 billion. Navistar International had a net margin of 2.60% and a negative return on equity of 11.82%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 earnings per share. As a group, equities analysts predict that Navistar International Corp will post 3.95 EPS for the current fiscal year.

Navistar International Company Profile

Navistar International Corporation, through its subsidiaries, manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services.

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

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