Public Employees Retirement System of Ohio lowered its position in Navistar International Corp (NYSE:NAV) by 32.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,950 shares of the company’s stock after selling 9,600 shares during the period. Public Employees Retirement System of Ohio’s holdings in Navistar International were worth $687,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in Navistar International in the second quarter worth approximately $34,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Navistar International in the second quarter worth approximately $37,000. Bank of Montreal Can increased its holdings in Navistar International by 448.3% in the second quarter. Bank of Montreal Can now owns 5,121 shares of the company’s stock worth $176,000 after buying an additional 4,187 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in Navistar International by 219.1% in the first quarter. NumerixS Investment Technologies Inc now owns 6,600 shares of the company’s stock worth $214,000 after buying an additional 4,532 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new position in Navistar International in the second quarter worth approximately $238,000. Hedge funds and other institutional investors own 77.90% of the company’s stock.
A number of equities analysts recently commented on the company. Goldman Sachs Group upgraded Navistar International from a “sell” rating to a “neutral” rating and set a $26.00 price objective on the stock in a report on Friday, September 6th. Zacks Investment Research downgraded Navistar International from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a report on Friday, June 14th. ValuEngine downgraded Navistar International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Loop Capital lowered their price target on Navistar International to $38.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Finally, Wells Fargo & Co lowered their price target on Navistar International from $35.00 to $27.00 and set a “market perform” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Navistar International presently has a consensus rating of “Hold” and a consensus price target of $35.11.
Navistar International (NYSE:NAV) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.12 by $0.35. Navistar International had a negative return on equity of 11.82% and a net margin of 2.60%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts anticipate that Navistar International Corp will post 3.95 earnings per share for the current fiscal year.
About Navistar International
Navistar International Corporation, through its subsidiaries, 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.
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