Global X Management Co LLC grew its position in Navistar International Corp (NYSE:NAV) by 20.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,073 shares of the company’s stock after purchasing an additional 3,989 shares during the quarter. Global X Management Co LLC’s holdings in Navistar International were worth $940,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Zweig DiMenna Associates LLC grew its position 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 valued at $8,949,000 after purchasing an additional 86,263 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Navistar International in the second quarter valued at approximately $817,000. Schwab Charles Investment Management Inc. grew its position 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 valued at $13,562,000 after purchasing an additional 15,275 shares during the last quarter. Swiss National Bank grew its position in shares of Navistar International by 2.8% in the first quarter. Swiss National Bank now owns 76,900 shares of the company’s stock valued at $2,689,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Point72 Europe London LLP acquired a new position in shares of Navistar International in the second quarter valued at approximately $1,978,000. 79.98% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on NAV shares. ValuEngine downgraded Navistar International from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research downgraded Navistar International from a “buy” rating to a “hold” rating in a research report on Monday, September 10th. Buckingham Research raised Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday, September 7th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “hold” rating and issued a $44.00 target price on shares of Navistar International in a research report on Thursday, July 19th. Finally, Longbow Research raised Navistar International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $25.06 to $50.00 in a research report on Friday, June 1st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $46.75.

Shares of NYSE:NAV opened at $38.58 on Thursday. The company has a market cap of $4.09 billion, a P/E ratio of 75.65, a P/E/G ratio of 2.71 and a beta of 2.33. Navistar International Corp has a 1 year low of $31.56 and a 1 year high of $47.73. The company has a debt-to-equity ratio of -0.90, a quick ratio of 0.81 and a current ratio of 1.14.

Navistar International (NYSE:NAV) last issued its quarterly earnings results on Thursday, September 6th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.78. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.67 billion. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. analysts anticipate that Navistar International Corp will post 3.05 EPS for the current fiscal year.

About Navistar International

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.

Read More: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding NAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navistar International Corp (NYSE:NAV).

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

Receive News & Ratings for Navistar International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navistar International and related companies with MarketBeat.com's FREE daily email newsletter.