BlueMountain Capital Management LLC decreased its stake in Navistar International Corp (NYSE:NAV) by 73.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,969 shares of the company’s stock after selling 211,456 shares during the period. BlueMountain Capital Management LLC’s holdings in Navistar International were worth $3,134,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Navistar International by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,252,905 shares of the company’s stock valued at $51,017,000 after purchasing an additional 95,482 shares during the last quarter. Brown Advisory Inc. bought a new position in Navistar International in the 2nd quarter valued at approximately $326,000. Schwab Charles Investment Management Inc. lifted its stake in Navistar International by 4.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 333,038 shares of the company’s stock valued at $13,562,000 after purchasing an additional 15,275 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in Navistar International in the 2nd quarter valued at approximately $611,000. Finally, Zweig DiMenna Associates LLC lifted its stake in Navistar International by 64.6% in the 2nd quarter. Zweig DiMenna Associates LLC now owns 219,763 shares of the company’s stock valued at $8,949,000 after purchasing an additional 86,263 shares during the last quarter. 80.14% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on NAV. Zacks Investment Research raised shares of Navistar International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Monday, September 3rd. Royal Bank of Canada reissued a “hold” rating and issued a $44.00 price objective on shares of Navistar International in a research note on Thursday, July 19th. ValuEngine downgraded shares of Navistar International from a “buy” rating to a “hold” rating in a research note on Thursday. Longbow Research raised shares of Navistar International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.06 to $50.00 in a research note on Friday, June 1st. Finally, Buckingham Research raised shares of Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Friday. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Navistar International has an average rating of “Buy” and a consensus price target of $46.47.

NAV stock opened at $37.92 on Friday. The firm has a market cap of $3.67 billion, a PE ratio of 74.35, a price-to-earnings-growth ratio of 3.54 and a beta of 2.33. Navistar International Corp has a 52-week low of $31.56 and a 52-week high of $47.73. The company has a quick ratio of 0.82, a current ratio of 1.11 and a debt-to-equity ratio of -0.85.

Navistar International (NYSE:NAV) last released its quarterly earnings results on Thursday, September 6th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.78. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.67 billion. Navistar International had a net margin of 3.01% and a negative return on equity of 6.37%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. research analysts predict that Navistar International Corp will post 2.1 EPS for the current year.

Navistar International Profile

Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services. It manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.

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

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