Alliancebernstein L.P. reduced its stake in Navistar International Corporation (NYSE:NAV) by 11.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,500 shares of the company’s stock after selling 10,850 shares during the quarter. Alliancebernstein L.P. owned about 0.08% of Navistar International Corporation worth $2,164,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NAV. Karp Capital Management Corp acquired a new position in shares of Navistar International Corporation in the first quarter worth approximately $570,000. State of Tennessee Treasury Department acquired a new position in shares of Navistar International Corporation in the first quarter worth approximately $369,000. American International Group Inc. lifted its stake in shares of Navistar International Corporation by 7.1% in the first quarter. American International Group Inc. now owns 30,490 shares of the company’s stock worth $751,000 after acquiring an additional 2,015 shares during the period. Wellington Management Group LLP lifted its stake in shares of Navistar International Corporation by 107.5% in the first quarter. Wellington Management Group LLP now owns 109,465 shares of the company’s stock worth $2,695,000 after acquiring an additional 56,705 shares during the period. Finally, Teachers Advisors LLC lifted its stake in shares of Navistar International Corporation by 2.4% in the first quarter. Teachers Advisors LLC now owns 88,476 shares of the company’s stock worth $2,178,000 after acquiring an additional 2,051 shares during the period. 84.04% of the stock is currently owned by institutional investors.

A number of research firms recently commented on NAV. Zacks Investment Research lowered Navistar International Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Navistar International Corporation in a research note on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Navistar International Corporation in a research note on Wednesday, July 12th. BidaskClub raised Navistar International Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Aegis reiterated a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Navistar International Corporation in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Navistar International Corporation currently has an average rating of “Hold” and an average price target of $36.08.

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Shares of Navistar International Corporation (NAV) opened at 42.65 on Monday. The stock’s 50 day moving average price is $40.14 and its 200 day moving average price is $30.71. The company’s market cap is $4.19 billion. Navistar International Corporation has a 12-month low of $21.94 and a 12-month high of $45.47.

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

In other news, major shareholder Truck & Bus Gmbh Volkswagen bought 158,026 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was purchased at an average price of $29.18 per share, with a total value of $4,611,198.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen R. D’arcy sold 1,000 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $44.34, for a total value of $44,340.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 456,280 shares of company stock valued at $13,421,411. Company insiders own 21.80% of the company’s stock.

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).

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

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