Navistar International Corp (NYSE:NAV) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 6,251 put options on the company. This represents an increase of 1,847% compared to the typical volume of 321 put options.

Shares of NYSE NAV opened at $36.93 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of -0.90. The stock has a market cap of $3.81 billion, a PE ratio of 72.41, a P/E/G ratio of 2.52 and a beta of 2.34. Navistar International has a 52-week low of $31.56 and a 52-week high of $47.73.

Navistar International (NYSE:NAV) last announced its quarterly earnings results on Thursday, September 6th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.78. The firm had revenue of $2.61 billion for 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 6.45%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. On average, equities research analysts forecast that Navistar International will post 3.05 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Navistar International by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 333,038 shares of the company’s stock worth $13,562,000 after buying an additional 15,275 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Navistar International in the third quarter worth approximately $528,000. Point72 Europe London LLP purchased a new position in shares of Navistar International in the second quarter worth approximately $1,978,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Navistar International in the second quarter worth approximately $817,000. Finally, Zweig DiMenna Associates LLC boosted its holdings in shares of Navistar International by 64.6% in the second quarter. Zweig DiMenna Associates LLC now owns 219,763 shares of the company’s stock worth $8,949,000 after buying an additional 86,263 shares during the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

NAV has been the subject of a number of analyst reports. Royal Bank of Canada restated a “hold” rating and set a $44.00 price objective on shares of Navistar International in a research note on Thursday, July 19th. Zacks Investment Research upgraded 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. ValuEngine lowered shares of Navistar International from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Buckingham Research upgraded 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, September 7th. They noted that the move was a valuation call. Finally, Loop Capital began coverage on shares of Navistar International in a report on Monday, October 1st. They set a “hold” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $46.08.

Navistar International Company 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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