Impala Asset Management LLC trimmed its holdings in shares of Navistar International Corp (NYSE:NAV) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,114,060 shares of the company’s stock after selling 19,263 shares during the period. Navistar International comprises approximately 2.2% of Impala Asset Management LLC’s holdings, making the stock its 15th biggest holding. Impala Asset Management LLC owned 1.13% of Navistar International worth $49,097,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of NAV. Invictus RG acquired a new stake in Navistar International during the third quarter worth approximately $150,000. Dimensional Fund Advisors LP boosted 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 worth $46,318,000 after acquiring an additional 219,123 shares during the last quarter. Schwab Charles Investment Management Inc. boosted 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 worth $11,957,000 after acquiring an additional 25,570 shares during the last quarter. Amalgamated Bank acquired a new stake in Navistar International during the third quarter worth approximately $274,000. Finally, American International Group Inc. boosted its position in Navistar International by 8.1% during 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 last quarter. 83.24% of the stock is owned by institutional investors and hedge funds.
Shares of Navistar International Corp (NYSE NAV) traded down $0.58 on Monday, hitting $40.13. 973,900 shares of the company’s stock were exchanged, compared to its average volume of 608,756. Navistar International Corp has a 52 week low of $22.89 and a 52 week high of $45.47. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of -0.86.
A number of brokerages recently issued reports on NAV. Zacks Investment Research lowered shares of Navistar International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Susquehanna Bancshares began coverage on shares of Navistar International in a research report on Wednesday, November 29th. They set a “positive” rating and a $50.00 target price on the stock. Aegis restated a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of Navistar International in a research report on Tuesday, September 26th. Royal Bank Of Canada lifted their price target on shares of Navistar International from $31.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday, September 7th. Finally, UBS reiterated a “neutral” rating and issued a $39.00 price target (up previously from $31.00) on shares of Navistar International in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Navistar International has an average rating of “Hold” and an average price target of $38.62.
In related news, Director Stephen R. D’arcy sold 1,000 shares of Navistar International stock in a transaction on Friday, October 6th. The shares were sold at an average price of $44.34, for a total transaction of $44,340.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 21.80% of the stock is owned by company 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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