Michael N. Hammes Sells 4,000 Shares of Navistar International Corp. (NAV) Stock
Navistar International Corp. (NYSE:NAV) Director Michael N. Hammes sold 4,000 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $18.71, for a total value of $74,840.00. Following the transaction, the director now directly owns 5,261 shares of the company’s stock, valued at approximately $98,433.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Navistar International Corp. (NYSE:NAV) opened at 19.44 on Monday. The stock has a 50 day moving average price of $14.41 and a 200 day moving average price of $12.77. Navistar International Corp. has a 52 week low of $5.78 and a 52 week high of $23.45. The firm’s market capitalization is $1.59 billion.
Navistar International Corp. (NYSE:NAV) last issued its quarterly earnings data on Thursday, September 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.57. The company earned $2.10 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the company earned ($0.37) EPS. Navistar International Corp.’s revenue was down 17.8% on a year-over-year basis. Equities analysts forecast that Navistar International Corp. will post ($0.45) earnings per share for the current fiscal year.
A number of equities analysts have commented on the company. Avondale Partners reissued a “market perform” rating and set a $9.00 target price (down previously from $12.00) on shares of Navistar International Corp. in a report on Wednesday, June 15th. Robert W. Baird upped their price target on Navistar International Corp. from $12.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Stifel Nicolaus restated a “sell” rating and issued a $14.00 price target (up from $10.00) on shares of Navistar International Corp. in a research report on Wednesday, September 7th. Deutsche Bank AG upped their price target on Navistar International Corp. from $14.00 to $21.00 in a research report on Friday, September 9th. Finally, BMO Capital Markets restated a “hold” rating on shares of Navistar International Corp. in a research report on Wednesday, June 8th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.94.
Several hedge funds and other institutional investors have recently modified their holdings of NAV. BlackRock Inc. boosted its stake in Navistar International Corp. by 93.8% in the first quarter. BlackRock Inc. now owns 11,033 shares of the company’s stock valued at $138,000 after buying an additional 5,339 shares during the last quarter. Creative Planning boosted its stake in Navistar International Corp. by 11.4% in the second quarter. Creative Planning now owns 13,156 shares of the company’s stock valued at $154,000 after buying an additional 1,350 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Navistar International Corp. by 25.5% in the second quarter. BNP Paribas Arbitrage SA now owns 13,365 shares of the company’s stock valued at $156,000 after buying an additional 2,712 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Navistar International Corp. during the first quarter valued at approximately $165,000. Finally, State of Tennessee Treasury Department purchased a new stake in Navistar International Corp. during the second quarter valued at approximately $175,000.
Navistar International Corp. Company Profile
Navistar International Corporation (NIC) is a holding company, whose principal operating subsidiaries are Navistar, Inc and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus (IC) brand school and commercial buses, as well as a provider of service parts for trucks and diesel engines.
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