Navistar International Corp (NAV) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its stake in shares of Navistar International Corp (NYSE:NAV) by 10.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271,300 shares of the company’s stock after buying an additional 25,570 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.28% of Navistar International worth $11,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can grew its holdings in Navistar International by 88.5% in the second quarter. Bank of Montreal Can now owns 8,659 shares of the company’s stock worth $228,000 after purchasing an additional 4,065 shares during the period. First Trust Advisors LP grew its holdings in Navistar International by 1.6% in the second quarter. First Trust Advisors LP now owns 272,868 shares of the company’s stock worth $7,157,000 after purchasing an additional 4,331 shares during the period. Comerica Bank purchased a new stake in Navistar International in the second quarter worth about $1,072,000. BNP Paribas Arbitrage SA grew its holdings in Navistar International by 262.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,180 shares of the company’s stock worth $241,000 after purchasing an additional 6,645 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Navistar International by 20.3% in the second quarter. Victory Capital Management Inc. now owns 78,687 shares of the company’s stock worth $2,064,000 after purchasing an additional 13,287 shares during the period. Institutional investors own 83.02% of the company’s stock.

Navistar International Corp (NYSE:NAV) opened at $43.99 on Wednesday. The stock has a market cap of $4,260.00, a P/E ratio of 488.78, a PEG ratio of 5.07 and a beta of 2.71. Navistar International Corp has a 52 week low of $22.89 and a 52 week high of $47.47. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of -0.85.

Navistar International (NYSE:NAV) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.71. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.27 billion. Navistar International had a net margin of 0.35% and a negative return on equity of 0.96%. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.42) earnings per share. research analysts forecast that Navistar International Corp will post 1.76 EPS for the current year.

In other Navistar International news, Director Stephen R. D’arcy sold 1,000 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $44.34, for a total value of $44,340.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 18.00% of the stock is owned by corporate insiders.

NAV has been the topic of a number of recent research reports. Robert W. Baird restated a “buy” rating on shares of Navistar International in a report on Tuesday, September 5th. Jefferies Group reiterated a “positive” rating and issued a $47.00 target price (up previously from $35.00) on shares of Navistar International in a research note on Thursday, September 7th. Royal Bank of Canada upped their target price on shares of Navistar International from $31.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 7th. Deutsche Bank upped their target price on shares of Navistar International from $26.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Finally, UBS Group reiterated a “neutral” rating and issued a $39.00 target price (up previously from $31.00) on shares of Navistar International in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.31.

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Navistar International 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).

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

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