Boston Advisors LLC raised its stake in Navistar International Corp (NYSE:NAV) by 61.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,292 shares of the company’s stock after acquiring an additional 15,657 shares during the quarter. Boston Advisors LLC’s holdings in Navistar International were worth $1,161,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of NAV. Invesco Ltd. lifted its holdings in shares of Navistar International by 1,831.7% in the second quarter. Invesco Ltd. now owns 458,687 shares of the company’s stock worth $15,802,000 after acquiring an additional 434,942 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Navistar International in the second quarter worth about $9,419,000. Renaissance Technologies LLC lifted its holdings in shares of Navistar International by 29.9% in the second quarter. Renaissance Technologies LLC now owns 1,035,300 shares of the company’s stock worth $35,666,000 after acquiring an additional 238,500 shares during the last quarter. Ardevora Asset Management LLP lifted its holdings in shares of Navistar International by 20.5% in the second quarter. Ardevora Asset Management LLP now owns 1,228,342 shares of the company’s stock worth $42,316,000 after acquiring an additional 208,600 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Navistar International by 66.2% in the second quarter. Prudential Financial Inc. now owns 463,330 shares of the company’s stock worth $15,962,000 after acquiring an additional 184,552 shares during the last quarter. 73.63% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on NAV. Loop Capital dropped their target price on shares of Navistar International to $38.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Robert W. Baird set a $38.00 target price on shares of Navistar International and gave the stock a “buy” rating in a report on Monday, September 23rd. Goldman Sachs Group raised shares of Navistar International from a “sell” rating to a “neutral” rating and set a $26.00 target price for the company in a report on Friday, September 6th. OTR Global cut shares of Navistar International from a “mixed” rating to a “negative” rating in a report on Wednesday, October 9th. Finally, ValuEngine lowered shares of Navistar International from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.12.
Navistar International (NYSE:NAV) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.35. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.92 billion. Navistar International had a net margin of 2.60% and a negative return on equity of 11.82%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business earned $1.71 EPS. Analysts predict that Navistar International Corp will post 3.88 EPS for the current year.
Navistar International Profile
Navistar International Corporation, through its subsidiaries, 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.
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