Stoneridge Investment Partners LLC Has $1,220,000 Position in Navistar International Corporation (NAV)
Stoneridge Investment Partners LLC reduced its position in shares of Navistar International Corporation (NYSE:NAV) by 30.7% during the third quarter, Holdings Channel reports. The institutional investor owned 53,293 shares of the company’s stock after selling 23,593 shares during the period. Stoneridge Investment Partners LLC owned approximately 0.07% of Navistar International Corporation worth $1,220,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in Navistar International Corporation by 25.5% in the second quarter. BNP Paribas Arbitrage SA now owns 13,365 shares of the company’s stock worth $156,000 after buying an additional 2,712 shares in the last quarter. State of Tennessee Treasury Department bought a new position in Navistar International Corporation during the second quarter worth $175,000. BlackRock Inc. increased its position in Navistar International Corporation by 66.0% in the second quarter. BlackRock Inc. now owns 18,312 shares of the company’s stock worth $215,000 after buying an additional 7,279 shares in the last quarter. Menta Capital LLC bought a new position in Navistar International Corporation during the second quarter worth $219,000. Finally, KCG Holdings Inc. bought a new position in Navistar International Corporation during the second quarter worth $274,000. Hedge funds and other institutional investors own 99.87% of the company’s stock.
Shares of Navistar International Corporation (NYSE:NAV) traded up 0.13% during trading on Friday, reaching $29.75. The company’s stock had a trading volume of 426,626 shares. Navistar International Corporation has a 52-week low of $5.78 and a 52-week high of $33.46. The stock’s market cap is $2.43 billion. The stock has a 50-day moving average of $30.90 and a 200-day moving average of $21.37.
Navistar International Corporation (NYSE:NAV) last released its earnings results on Tuesday, December 20th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.67. The firm earned $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. The firm’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.62) earnings per share. Analysts predict that Navistar International Corporation will post $0.22 earnings per share for the current fiscal year.
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NAV has been the subject of a number of analyst reports. Aegis initiated coverage on Navistar International Corporation in a research note on Friday, December 23rd. They issued a “buy” rating and a $36.00 price target for the company. Jefferies Group lifted their target price on Navistar International Corporation from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Zacks Investment Research upgraded Navistar International Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 13th. Deutsche Bank AG reiterated a “hold” rating and set a $32.00 target price (up from $21.00) on shares of Navistar International Corporation in a research note on Friday, December 23rd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $25.00 target price on shares of Navistar International Corporation in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.18.
In other news, Director Stephen R. D’arcy acquired 1,000 shares of Navistar International Corporation stock in a transaction on Wednesday, December 21st. The stock was acquired at an average cost of $31.78 per share, with a total value of $31,780.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $31,780. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael N. Hammes sold 1,667 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $31.81, for a total value of $53,027.27. Following the transaction, the director now directly owns 6,928 shares of the company’s stock, valued at $220,379.68. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.
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).
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