Navistar International Corporation (NAV) Shares Bought by Creative Planning
Creative Planning raised its position in shares of Navistar International Corporation (NYSE:NAV) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,464 shares of the company’s stock after buying an additional 389 shares during the period. Creative Planning’s holdings in Navistar International Corporation were worth $143,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Navistar International Corporation by 93.5% in the first quarter. Dimensional Fund Advisors LP now owns 486,973 shares of the company’s stock worth $11,989,000 after buying an additional 235,310 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Navistar International Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,122,984 shares of the company’s stock worth $101,508,000 after buying an additional 199,826 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Navistar International Corporation during the first quarter worth $3,742,000. Quantitative Investment Management LLC acquired a new position in shares of Navistar International Corporation during the first quarter worth $3,111,000. Finally, UBS Oconnor LLC acquired a new position in shares of Navistar International Corporation during the first quarter worth $2,954,000. Institutional investors and hedge funds own 82.35% of the company’s stock.
Shares of Navistar International Corporation (NYSE:NAV) traded up 0.63% on Friday, reaching $30.50. The company’s stock had a trading volume of 614,344 shares. The company has a 50 day moving average price of $28.87 and a 200 day moving average price of $27.18. The company’s market cap is $2.99 billion. Navistar International Corporation has a 52-week low of $13.17 and a 52-week high of $33.46.
Navistar International Corporation (NYSE:NAV) last released its quarterly earnings results on Wednesday, June 7th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.65. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the company earned $0.05 earnings per share. Navistar International Corporation’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts anticipate that Navistar International Corporation will post ($0.72) earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on NAV shares. Robert W. Baird upgraded Navistar International Corporation from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $32.00 to $33.00 in a report on Monday, June 5th. BidaskClub upgraded Navistar International Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded Navistar International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Barclays PLC reiterated a “sell” rating and set a $20.00 price target on shares of Navistar International Corporation in a report on Thursday, June 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $35.00 price target on shares of Navistar International Corporation in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.29.
In related news, major shareholder Truck & Bus Gmbh Volkswagen acquired 43,501 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was bought at an average price of $29.25 per share, for a total transaction of $1,272,404.25. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 434,864 shares of company stock worth $12,752,006 in the last three months. Company 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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