Creative Planning Buys New Stake in Navistar International Corp (NAV)

Creative Planning bought a new position in shares of Navistar International Corp (NYSE:NAV) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,475 shares of the company’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of Navistar International by 1,346.8% during the third quarter. First Trust Advisors LP now owns 138,732 shares of the company’s stock worth $5,341,000 after buying an additional 129,143 shares during the period. Seven Eight Capital LP acquired a new position in shares of Navistar International during the third quarter worth approximately $1,767,000. NJ State Employees Deferred Compensation Plan boosted its position in shares of Navistar International by 33.3% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 20,000 shares of the company’s stock worth $770,000 after buying an additional 5,000 shares during the period. Supplemental Annuity Collective Trust of NJ acquired a new position in shares of Navistar International during the third quarter worth approximately $809,000. Finally, New Jersey Better Educational Savings Trust acquired a new position in shares of Navistar International during the third quarter worth approximately $462,000. 80.10% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. ValuEngine cut Navistar International from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Loop Capital assumed coverage on Navistar International in a report on Monday, October 1st. They set a “hold” rating and a $42.00 target price on the stock. Royal Bank of Canada reissued a “hold” rating and set a $44.00 target price on shares of Navistar International in a report on Thursday, July 19th. Buckingham Research raised Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Friday, September 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Navistar International from a “buy” rating to a “hold” rating in a report on Monday, September 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $45.50.

Shares of NYSE:NAV opened at $30.33 on Friday. Navistar International Corp has a 12 month low of $29.67 and a 12 month high of $47.73. The company has a market cap of $3.18 billion, a P/E ratio of 59.47, a PEG ratio of 1.70 and a beta of 2.35.

Navistar International (NYSE:NAV) last announced its earnings results on Thursday, September 6th. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.78. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, analysts expect that Navistar International Corp will post 3.22 EPS for the current 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.

Further Reading: Google Finance

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

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