The Manufacturers Life Insurance Company boosted its holdings in Navistar International Corporation (NYSE:NAV) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 40,180 shares of the company’s stock after buying an additional 1,086 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Navistar International Corporation were worth $1,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NAV. Creative Planning raised its holdings in Navistar International Corporation by 7.7% in the second quarter. Creative Planning now owns 5,464 shares of the company’s stock valued at $143,000 after buying an additional 389 shares during the period. Hanseatic Management Services Inc. raised its holdings in Navistar International Corporation by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after buying an additional 81 shares during the period. Bank of Montreal Can raised its holdings in Navistar International Corporation by 88.5% in the second quarter. Bank of Montreal Can now owns 8,659 shares of the company’s stock valued at $228,000 after buying an additional 4,065 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Navistar International Corporation by 262.1% during the second quarter. BNP Paribas Arbitrage SA now owns 9,180 shares of the company’s stock valued at $241,000 after purchasing an additional 6,645 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Navistar International Corporation by 11.9% during the second quarter. Oppenheimer & Co. Inc. now owns 13,119 shares of the company’s stock valued at $344,000 after purchasing an additional 1,399 shares during the period. Hedge funds and other institutional investors own 82.32% of the company’s stock.

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Shares of Navistar International Corporation (NYSE NAV) opened at $39.38 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of -0.86. Navistar International Corporation has a 12 month low of $22.89 and a 12 month high of $45.47.

Navistar International Corporation (NYSE:NAV) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.17 billion. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.42) EPS. equities analysts expect that Navistar International Corporation will post -0.51 EPS for the current fiscal year.

In other Navistar International Corporation news, major shareholder Truck & Bus Gmbh Volkswagen acquired 25,367 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $29.90 per share, with a total value of $758,473.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen R. D’arcy sold 1,000 shares of Navistar International Corporation stock in a transaction on Friday, October 6th. The stock was sold at an average price of $44.34, for a total transaction of $44,340.00. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Navistar International Corporation from $41.00 to $45.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Navistar International Corporation from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, October 10th. OTR Global upgraded shares of Navistar International Corporation to a “positive” rating in a research note on Thursday, October 12th. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 price objective on shares of Navistar International Corporation in a research note on Tuesday, September 26th. Finally, Aegis reiterated a “buy” rating and set a $50.00 price objective (up previously from $45.00) on shares of Navistar International Corporation in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Navistar International Corporation presently has an average rating of “Hold” and an average target price of $37.67.

Navistar International Corporation 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).

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

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