Metropolitan Life Insurance Co. NY Cuts Stake in Navistar International (NAV)

Metropolitan Life Insurance Co. NY lowered its holdings in Navistar International (NYSE:NAV) by 53.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,738 shares of the company’s stock after selling 18,325 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Navistar International were worth $675,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Boston Advisors LLC acquired a new stake in shares of Navistar International in the fourth quarter worth $873,000. Schwab Charles Investment Management Inc. increased its stake in shares of Navistar International by 10.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 271,300 shares of the company’s stock worth $11,957,000 after acquiring an additional 25,570 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Navistar International in the fourth quarter worth $1,051,000. Virtu Financial LLC acquired a new stake in shares of Navistar International in the fourth quarter worth $1,114,000. Finally, Advent Capital Management DE acquired a new stake in shares of Navistar International in the fourth quarter worth $835,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

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NAV opened at $34.76 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of -0.91. The firm has a market cap of $3,422.09, a price-to-earnings ratio of 68.16, a P/E/G ratio of 3.55 and a beta of 2.49. Navistar International has a 52-week low of $22.89 and a 52-week high of $47.73.

Navistar International (NYSE:NAV) last posted its quarterly earnings data on Thursday, March 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.17. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. Navistar International had a net margin of 0.22% and a negative return on equity of 1.78%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.76) earnings per share. research analysts anticipate that Navistar International will post 1.96 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Navistar International from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Susquehanna Bancshares set a $49.00 price target on shares of Navistar International and gave the company a “buy” rating in a research report on Friday, March 9th. Royal Bank of Canada restated a “hold” rating and set a $45.00 price target on shares of Navistar International in a research report on Thursday, January 11th. Seaport Global Securities restated a “neutral” rating on shares of Navistar International in a research report on Tuesday, January 16th. Finally, Robert W. Baird restated a “buy” rating and set a $51.00 price target on shares of Navistar International in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Navistar International presently has a consensus rating of “Hold” and an average target price of $44.13.

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Navistar International Company Profile

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.

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

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