California State Teachers Retirement System cut its holdings in shares of Navistar International Corporation (NYSE:NAV) by 9.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,175 shares of the company’s stock after selling 9,357 shares during the quarter. California State Teachers Retirement System owned 0.09% of Navistar International Corporation worth $2,313,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NAV. Alliancebernstein L.P. increased its position in shares of Navistar International Corporation by 10.9% in the 1st quarter. Alliancebernstein L.P. now owns 93,350 shares of the company’s stock valued at $2,298,000 after purchasing an additional 9,200 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Navistar International Corporation by 107.5% in the 1st quarter. Wellington Management Group LLP now owns 109,465 shares of the company’s stock valued at $2,695,000 after purchasing an additional 56,705 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Navistar International Corporation by 2.4% in the 1st quarter. Teachers Advisors LLC now owns 88,476 shares of the company’s stock valued at $2,178,000 after purchasing an additional 2,051 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Navistar International Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,122,984 shares of the company’s stock valued at $101,508,000 after purchasing an additional 199,826 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Navistar International Corporation by 9.2% in the 1st quarter. Geode Capital Management LLC now owns 469,179 shares of the company’s stock valued at $11,550,000 after purchasing an additional 39,499 shares during the last quarter. Institutional investors own 82.32% of the company’s stock.

A number of brokerages have commented on NAV. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Navistar International Corporation in a research report on Friday, November 3rd. OTR Global raised shares of Navistar International Corporation to a “positive” rating in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Navistar International Corporation from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Tuesday, October 10th. Wells Fargo & Company increased their price objective on shares of Navistar International Corporation from $41.00 to $45.00 and gave the company a “market perform” rating in a research report on Friday, October 6th. Finally, Aegis reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Navistar International Corporation in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Navistar International Corporation presently has a consensus rating of “Hold” and an average price target of $37.67.

In other Navistar International Corporation news, Director Stephen R. D’arcy sold 1,000 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $44.34, for a total transaction of $44,340.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Truck & Bus Gmbh Volkswagen acquired 25,367 shares of the stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $29.90 per share, for a total transaction of $758,473.30. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

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Navistar International Corporation (NAV) opened at $39.38 on Monday. The company has a debt-to-equity ratio of -0.86, a quick ratio of 0.94 and a current ratio of 1.23. Navistar International Corporation has a 52-week low of $22.89 and a 52-week high of $45.47.

Navistar International Corporation (NYSE:NAV) last posted its earnings results on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.17 billion. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned ($0.42) earnings per share. equities research analysts forecast that Navistar International Corporation will post -0.51 EPS for the current year.

Navistar International Corporation 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).

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

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