Legal & General Group Plc lowered its position in shares of Navistar International Corp (NYSE:NAV) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,638 shares of the company’s stock after selling 9,484 shares during the quarter. Legal & General Group Plc owned about 0.10% of Navistar International worth $4,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Navistar International by 2.3% during the second quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock valued at $110,673,000 after buying an additional 96,310 shares in the last quarter. Impala Asset Management LLC acquired a new stake in Navistar International during the second quarter valued at approximately $29,727,000. State Street Corp raised its stake in Navistar International by 2.5% during the second quarter. State Street Corp now owns 1,012,715 shares of the company’s stock valued at $26,565,000 after buying an additional 25,176 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Navistar International by 70.8% during the second quarter. Dimensional Fund Advisors LP now owns 831,863 shares of the company’s stock valued at $21,820,000 after buying an additional 344,890 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Navistar International by 1.5% during the second quarter. Northern Trust Corp now owns 617,178 shares of the company’s stock valued at $16,189,000 after buying an additional 9,127 shares in the last quarter. Hedge funds and other institutional investors own 83.24% of the company’s stock.

In other news, Director Stephen R. D’arcy sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $44.34, for a total transaction of $44,340.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.80% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on NAV shares. Wells Fargo & Company upped their price objective on Navistar International from $41.00 to $45.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Navistar International in a research note on Friday, November 3rd. UBS restated a “neutral” rating and set a $39.00 price objective (up previously from $31.00) on shares of Navistar International in a research note on Monday, September 18th. Piper Jaffray Companies set a $37.00 target price on Navistar International and gave the company a “hold” rating in a report on Sunday, December 10th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Navistar International in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Navistar International presently has an average rating of “Hold” and an average price target of $39.77.

Navistar International Corp (NAV) opened at $42.73 on Thursday. The company has a market capitalization of $4,459.58, a P/E ratio of 146.13, a PEG ratio of 4.08 and a beta of 2.71. Navistar International Corp has a fifty-two week low of $22.89 and a fifty-two week high of $47.47. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of -0.86.

Navistar International (NYSE:NAV) last posted its earnings results on Tuesday, December 19th. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.71. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.27 billion. Navistar International had a negative return on equity of 0.93% and a net margin of 0.35%. The business’s revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.42) earnings per share. sell-side analysts predict that Navistar International Corp will post 2.22 EPS for the current fiscal year.

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Navistar International Company 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 (NYSE:NAV)

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