Navistar International Corporation (NYSE:NAV) major shareholder Truck & Bus Gmbh Volkswagen bought 24,750 shares of Navistar International Corporation stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average cost of $29.72 per share, with a total value of $735,570.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Truck & Bus Gmbh Volkswagen also recently made the following trade(s):
- On Tuesday, August 1st, Truck & Bus Gmbh Volkswagen acquired 24,800 shares of Navistar International Corporation stock. The shares were bought at an average cost of $29.95 per share, with a total value of $742,760.00.
- On Wednesday, August 2nd, Truck & Bus Gmbh Volkswagen acquired 24,900 shares of Navistar International Corporation stock. The shares were bought at an average cost of $29.95 per share, with a total value of $745,755.00.
- On Monday, July 24th, Truck & Bus Gmbh Volkswagen bought 106,262 shares of Navistar International Corporation stock. The stock was acquired at an average price of $29.28 per share, with a total value of $3,111,351.36.
- On Tuesday, July 18th, Truck & Bus Gmbh Volkswagen bought 52,625 shares of Navistar International Corporation stock. The stock was acquired at an average price of $29.13 per share, with a total value of $1,532,966.25.
- On Monday, July 17th, Truck & Bus Gmbh Volkswagen acquired 43,501 shares of Navistar International Corporation stock. The stock was purchased at an average price of $29.25 per share, with a total value of $1,272,404.25.
- On Wednesday, July 19th, Truck & Bus Gmbh Volkswagen acquired 158,026 shares of Navistar International Corporation stock. The stock was purchased at an average price of $29.18 per share, with a total value of $4,611,198.68.
Navistar International Corporation (NAV) traded up 1.83% during trading on Thursday, hitting $30.60. The stock had a trading volume of 63,217 shares. The firm’s market capitalization is $3.00 billion. The stock has a 50 day moving average of $29.32 and a 200 day moving average of $27.21. Navistar International Corporation has a one year low of $13.30 and a one year high of $33.46.
Navistar International Corporation (NYSE:NAV) last released its earnings results on Wednesday, June 7th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.65. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.08 billion. Navistar International Corporation’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. Equities research analysts expect that Navistar International Corporation will post ($0.72) earnings per share for the current fiscal year.
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A number of analysts recently commented on the company. Zacks Investment Research lowered Navistar International Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. BidaskClub upgraded Navistar International Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. UBS AG reiterated a “neutral” rating and issued a $31.00 price objective (up from $29.00) on shares of Navistar International Corporation in a research report on Sunday, June 11th. Wells Fargo & Company reiterated a “market perform” rating and issued a $32.00 price objective (up from $26.50) on shares of Navistar International Corporation in a research report on Friday, June 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Navistar International Corporation in a research report on Friday, June 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.29.
A number of hedge funds and other institutional investors have recently made changes to their positions in NAV. Gamco Investors INC. ET AL purchased a new position in shares of Navistar International Corporation during the second quarter valued at about $175,453,000. Impala Asset Management LLC purchased a new position in shares of Navistar International Corporation during the second quarter valued at about $29,727,000. Dimensional Fund Advisors LP raised its position in shares of Navistar International Corporation by 70.8% in the second quarter. Dimensional Fund Advisors LP now owns 831,863 shares of the company’s stock valued at $21,820,000 after buying an additional 344,890 shares during the last quarter. Ardevora Asset Management LLP raised its position in shares of Navistar International Corporation by 32.1% in the second quarter. Ardevora Asset Management LLP now owns 1,361,100 shares of the company’s stock valued at $35,702,000 after buying an additional 330,700 shares during the last quarter. Finally, Castleark Management LLC purchased a new position in shares of Navistar International Corporation during the second quarter valued at about $6,176,000. Institutional investors and hedge funds own 82.37% of the company’s stock.
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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