Engineers Gate Manager LP Buys Shares of 67,673 Navistar International Corp (NAV)

Engineers Gate Manager LP bought a new stake in shares of Navistar International Corp (NYSE:NAV) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 67,673 shares of the company’s stock, valued at approximately $2,982,000. Engineers Gate Manager LP owned about 0.07% of Navistar International at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. raised its stake in shares of Navistar International by 1.2% in the 2nd quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after buying an additional 81 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Navistar International by 0.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 43,996 shares of the company’s stock valued at $1,154,000 after buying an additional 176 shares in the last quarter. Creative Planning raised its stake in shares of Navistar International by 7.7% in the 2nd quarter. Creative Planning now owns 5,464 shares of the company’s stock valued at $143,000 after buying an additional 389 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Navistar International by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after buying an additional 430 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Navistar International by 2.4% in the 2nd quarter. Aperio Group LLC now owns 23,707 shares of the company’s stock valued at $622,000 after buying an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 83.24% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Aegis restated a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Navistar International in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Navistar International from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Tuesday, October 10th. Jefferies Group restated a “positive” rating and issued a $47.00 price objective (up previously from $35.00) on shares of Navistar International in a research note on Thursday, September 7th. Royal Bank Of Canada increased their price objective on shares of Navistar International from $31.00 to $36.00 and gave the company a “sector perform” rating in a research note on Thursday, September 7th. Finally, Susquehanna Bancshares assumed coverage on shares of Navistar International in a research note on Wednesday, November 29th. They issued a “positive” rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Navistar International presently has a consensus rating of “Hold” and a consensus target price of $38.62.

Shares of Navistar International Corp (NYSE NAV) traded down $0.49 during trading hours on Thursday, reaching $40.37. 430,900 shares of the company’s stock were exchanged, compared to its average volume of 606,737. Navistar International Corp has a 12-month low of $22.89 and a 12-month high of $45.47. The company has a debt-to-equity ratio of -0.86, a quick ratio of 0.94 and a current ratio of 1.23.

Navistar International (NYSE:NAV) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company earned ($0.42) EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. analysts expect that Navistar International Corp will post -0.5 earnings per share for the current fiscal year.

In other news, Director Stephen R. D’arcy sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $44.34, for a total value of $44,340.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 21.80% of the stock is owned by corporate insiders.

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Navistar International Company 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).

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

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