Russell Investments Group Ltd. lessened its stake in shares of Navistar International Corp (NYSE:NAV) by 98.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,650 shares of the company’s stock after selling 3,689,220 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Navistar International worth $3,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Westpac Banking Corp grew its stake in shares of Navistar International by 0.8% in the 2nd quarter. Westpac Banking Corp now owns 153,249 shares of the company’s stock valued at $6,240,000 after buying an additional 1,200 shares in the last quarter. Swiss National Bank boosted its position in Navistar International by 2.8% during the first quarter. Swiss National Bank now owns 76,900 shares of the company’s stock worth $2,689,000 after purchasing an additional 2,100 shares during the period. Northern Trust Corp boosted its position in Navistar International by 0.8% during the first quarter. Northern Trust Corp now owns 604,008 shares of the company’s stock worth $21,122,000 after purchasing an additional 4,776 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Navistar International by 15.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 39,083 shares of the company’s stock worth $1,367,000 after purchasing an additional 5,303 shares during the period. Finally, LPL Financial LLC bought a new stake in Navistar International during the first quarter worth approximately $218,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

NAV has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Navistar International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Monday, September 3rd. ValuEngine lowered Navistar International from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Buckingham Research upgraded Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, September 7th. They noted that the move was a valuation call. Loop Capital began coverage on Navistar International in a research note on Monday, October 1st. They issued a “hold” rating and a $42.00 target price for the company. Finally, Royal Bank of Canada restated a “hold” rating and issued a $44.00 target price on shares of Navistar International in a research note on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $46.08.

Shares of NAV stock traded down $0.06 during trading hours on Friday, hitting $34.86. 598,597 shares of the company’s stock were exchanged, compared to its average volume of 743,595. The company has a debt-to-equity ratio of -0.90, a quick ratio of 0.81 and a current ratio of 1.14. The stock has a market capitalization of $3.81 billion, a PE ratio of 68.35, a PEG ratio of 2.52 and a beta of 2.34. Navistar International Corp has a 52 week low of $31.56 and a 52 week high of $47.73.

Navistar International (NYSE:NAV) last posted its quarterly earnings results on Thursday, September 6th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.78. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 earnings per share. As a group, analysts forecast that Navistar International Corp will post 3.05 earnings per share for the current fiscal year.

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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