Natixis Advisors L.P. purchased a new stake in shares of Navistar International (NYSE:NAV) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,162 shares of the company’s stock, valued at approximately $775,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Swiss National Bank raised its holdings in Navistar International by 2.8% during the 1st quarter. Swiss National Bank now owns 76,900 shares of the company’s stock valued at $2,689,000 after buying an additional 2,100 shares during the period. Geode Capital Management LLC raised its holdings in Navistar International by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 506,696 shares of the company’s stock valued at $21,726,000 after buying an additional 2,217 shares during the period. Alliancebernstein L.P. raised its holdings in Navistar International by 5.4% during the 4th quarter. Alliancebernstein L.P. now owns 87,910 shares of the company’s stock valued at $3,770,000 after buying an additional 4,510 shares during the period. Northern Trust Corp raised its holdings in Navistar International by 0.8% during the 1st quarter. Northern Trust Corp now owns 604,008 shares of the company’s stock valued at $21,122,000 after buying an additional 4,776 shares during the period. Finally, Ardevora Asset Management LLP raised its holdings in Navistar International by 0.5% during the 1st quarter. Ardevora Asset Management LLP now owns 935,970 shares of the company’s stock valued at $32,731,000 after buying an additional 4,900 shares during the period. Institutional investors own 81.76% of the company’s stock.
Navistar International opened at $39.81 on Wednesday, according to Marketbeat.com. Navistar International has a 12-month low of $25.06 and a 12-month high of $47.73. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.82 and a current ratio of 1.11. The firm has a market cap of $3.91 billion, a PE ratio of 78.06, a PEG ratio of 3.73 and a beta of 2.50.
NAV has been the topic of several recent research reports. Zacks Investment Research upgraded Navistar International from a “sell” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Tuesday, February 20th. Susquehanna Bancshares set a $49.00 price target on Navistar International and gave the company a “buy” rating in a report on Friday, March 9th. JPMorgan Chase & Co. reduced their target price on Navistar International from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 10th. Stifel Nicolaus set a $50.00 target price on Navistar International and gave the stock a “buy” rating in a research note on Thursday, March 8th. Finally, ValuEngine lowered Navistar International from a “buy” rating to a “hold” rating in a research note on Monday, April 23rd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.63.
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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