Navistar International Corp (NAV) Stake Increased by First Trust Advisors LP
First Trust Advisors LP grew its holdings in shares of Navistar International Corp (NYSE:NAV) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,055 shares of the company’s stock after acquiring an additional 15,816 shares during the period. First Trust Advisors LP’s holdings in Navistar International were worth $9,522,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Navistar International by 26.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,050,986 shares of the company’s stock valued at $46,318,000 after acquiring an additional 219,123 shares in the last quarter. State Street Corp grew its stake in shares of 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 acquiring an additional 25,176 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Navistar International by 4.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 282,623 shares of the company’s stock valued at $12,119,000 after acquiring an additional 11,323 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Navistar International during the third quarter valued at about $2,982,000. Finally, EAM Investors LLC acquired a new stake in shares of Navistar International during the third quarter valued at about $2,548,000. Institutional investors own 81.84% of the company’s stock.
Navistar International Corp (NAV) opened at $36.06 on Friday. The company has a market capitalization of $3,618.99, a PE ratio of 118.58, a P/E/G ratio of 3.83 and a beta of 2.67. Navistar International Corp has a 52 week low of $22.89 and a 52 week high of $47.73. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of -0.85.
Several brokerages have recently weighed in on NAV. Royal Bank of Canada restated a “hold” rating and set a $45.00 target price on shares of Navistar International in a research note on Thursday, January 11th. Piper Jaffray Companies set a $44.00 target price on Navistar International and gave the company a “hold” rating in a research note on Monday, January 15th. Zacks Investment Research downgraded Navistar International from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Stifel Nicolaus upgraded Navistar International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $50.00 in a research note on Tuesday, December 12th. Finally, Buckingham Research started coverage on Navistar International in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $48.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $43.64.
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About Navistar International
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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