Renaissance Technologies LLC bought a new stake in Navistar International Corp (NYSE:NAV) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 672,400 shares of the company’s stock, valued at approximately $28,833,000. Renaissance Technologies LLC owned approximately 0.68% of Navistar International as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Impala Asset Management LLC grew its stake in shares of Navistar International by 2.5% in the fourth quarter. Impala Asset Management LLC now owns 1,141,724 shares of the company’s stock valued at $48,957,000 after buying an additional 27,664 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Navistar International by 26.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,050,986 shares of the company’s stock valued at $46,318,000 after buying an additional 219,123 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Navistar International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 506,696 shares of the company’s stock valued at $21,726,000 after buying an additional 2,217 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Navistar International by 4.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 282,623 shares of the company’s stock valued at $12,119,000 after buying an additional 11,323 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Navistar International by 7.7% in the fourth quarter. First Trust Advisors LP now owns 222,055 shares of the company’s stock valued at $9,522,000 after buying an additional 15,816 shares in the last quarter. Institutional investors and hedge funds own 81.78% of the company’s stock.

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Shares of Navistar International stock opened at $34.22 on Thursday. Navistar International Corp has a 12 month low of $22.89 and a 12 month high of $47.73. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of -0.91. The firm has a market capitalization of $3,328.57, a P/E ratio of 40.74, a price-to-earnings-growth ratio of 3.45 and a beta of 2.67.

Navistar International (NYSE:NAV) last released its earnings results on Thursday, March 8th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.17. Navistar International had a negative return on equity of 1.78% and a net margin of 0.22%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the business posted ($0.76) EPS. Navistar International’s quarterly revenue was up 14.6% compared to the same quarter last year. equities research analysts forecast that Navistar International Corp will post 1.96 earnings per share for the current year.

A number of equities research analysts have recently issued reports on NAV shares. Susquehanna Bancshares started coverage on Navistar International in a research note on Wednesday, November 29th. They issued a “positive” rating and a $50.00 target price for the company. Piper Jaffray Companies set a $37.00 target price on Navistar International and gave the company a “hold” rating in a research note on Sunday, December 10th. Stifel Nicolaus upgraded Navistar International from a “hold” rating to a “buy” rating and increased their target price for the company from $45.00 to $50.00 in a research note on Tuesday, December 12th. Zacks Investment Research lowered Navistar International from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, Gabelli lowered Navistar International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Navistar International presently has an average rating of “Hold” and an average target price of $44.13.

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Navistar International 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 (NYSE:NAV)

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