Teton Advisors Inc. maintained its position in shares of Navistar International Corporation (NYSE:NAV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company’s stock at the end of the second quarter. Teton Advisors Inc.’s holdings in Navistar International Corporation were worth $525,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in NAV. Comerica Bank bought a new position in shares of Navistar International Corporation during the second quarter worth approximately $1,072,000. First Trust Advisors LP raised its stake in shares of Navistar International Corporation by 1.6% in the second quarter. First Trust Advisors LP now owns 272,868 shares of the company’s stock worth $7,157,000 after buying an additional 4,331 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Navistar International Corporation by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 245,730 shares of the company’s stock worth $6,446,000 after buying an additional 2,492 shares in the last quarter. Aperio Group LLC raised its stake in shares of Navistar International Corporation by 2.4% in the second quarter. Aperio Group LLC now owns 23,707 shares of the company’s stock worth $622,000 after buying an additional 550 shares in the last quarter. Finally, Ardevora Asset Management LLP raised its stake 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 worth $35,702,000 after buying an additional 330,700 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Navistar International Corporation (NYSE NAV) opened at 30.81 on Wednesday. The company’s 50 day moving average price is $29.66 and its 200 day moving average price is $27.26. The company’s market capitalization is $3.02 billion. Navistar International Corporation has a 52-week low of $13.30 and a 52-week high of $33.46.
Navistar International Corporation (NYSE:NAV) last issued its earnings results on Wednesday, June 7th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.65. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.08 billion. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. On average, analysts predict that Navistar International Corporation will post ($0.79) EPS for the current year.
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A number of equities research analysts have recently weighed in on NAV shares. 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, July 21st. BidaskClub upgraded Navistar International Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $26.00 price objective (up from $24.00) on shares of Navistar International Corporation in a research report on Friday, June 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $28.00 price objective on shares of Navistar International Corporation in a research report on Tuesday, May 9th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price objective on shares of Navistar International Corporation in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $27.29.
In other news, major shareholder Truck & Bus Gmbh Volkswagen bought 52,625 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was purchased at an average price of $29.13 per share, for a total transaction of $1,532,966.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have purchased 474,414 shares of company stock valued at $13,935,342. Insiders own 21.80% 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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