MetLife Investment Advisors LLC acquired a new position in Navistar International (NYSE:NAV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,914 shares of the company’s stock, valued at approximately $1,025,000.
Several other institutional investors and hedge funds have also recently modified their holdings of NAV. Principal Financial Group Inc. bought a new stake in shares of Navistar International in the third quarter worth $229,000. SG Americas Securities LLC bought a new stake in shares of Navistar International in the third quarter worth $330,000. American International Group Inc. grew its holdings in shares of Navistar International by 8.1% in the third quarter. American International Group Inc. now owns 33,354 shares of the company’s stock worth $1,470,000 after acquiring an additional 2,494 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Navistar International by 10.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 271,300 shares of the company’s stock valued at $11,957,000 after purchasing an additional 25,570 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in 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 purchasing an additional 219,123 shares in the last quarter. 81.79% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on the company. JPMorgan Chase lowered their target price on Navistar International from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday. Stifel Nicolaus set a $50.00 target price on Navistar International and gave the company a “buy” rating in a research report on Thursday, March 8th. Royal Bank of Canada reiterated a “hold” rating and set a $45.00 target price on shares of Navistar International in a research report on Thursday, January 11th. Zacks Investment Research downgraded Navistar International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 8th. Finally, Susquehanna Bancshares set a $49.00 target price on Navistar International and gave the company a “buy” rating in a research report on Friday, March 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.75.
Shares of Navistar International stock opened at $36.79 on Thursday. Navistar International has a 52 week low of $22.89 and a 52 week high of $47.73. The stock has a market capitalization of $3,299.03, a PE ratio of 72.14, a price-to-earnings-growth ratio of 3.42 and a beta of 2.49. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of -0.91.
Navistar International (NYSE:NAV) last announced its quarterly earnings data on Thursday, March 8th. The company reported ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.17. Navistar International had a negative return on equity of 1.78% and a net margin of 0.22%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business earned ($0.76) earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. equities research analysts anticipate that Navistar International will post 1.96 EPS for the current fiscal year.
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Navistar International 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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