Dimensional Fund Advisors LP Buys 95,482 Shares of Navistar International Corp (NAV)

Dimensional Fund Advisors LP raised its stake in shares of Navistar International Corp (NYSE:NAV) by 8.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,252,905 shares of the company’s stock after purchasing an additional 95,482 shares during the period. Dimensional Fund Advisors LP’s holdings in Navistar International were worth $51,017,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Zweig DiMenna Associates LLC boosted its stake in shares of Navistar International by 64.6% in the second quarter. Zweig DiMenna Associates LLC now owns 219,763 shares of the company’s stock worth $8,949,000 after acquiring an additional 86,263 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Navistar International by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 333,038 shares of the company’s stock worth $13,562,000 after acquiring an additional 15,275 shares during the period. Swiss National Bank boosted its stake in shares of Navistar International by 2.8% in the first quarter. Swiss National Bank now owns 76,900 shares of the company’s stock worth $2,689,000 after acquiring an additional 2,100 shares during the period. Royal Bank of Canada boosted its stake in shares of Navistar International by 132.8% in the first quarter. Royal Bank of Canada now owns 8,135 shares of the company’s stock worth $285,000 after acquiring an additional 32,926 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Navistar International by 426.1% in the first quarter. Point72 Asset Management L.P. now owns 409,800 shares of the company’s stock worth $14,331,000 after acquiring an additional 331,900 shares during the period. 79.98% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Navistar International from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Thursday. Longbow Research raised Navistar International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.06 to $50.00 in a research note on Friday, June 1st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Navistar International in a research note on Thursday, July 19th. Buckingham Research raised Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Friday, September 7th. They noted that the move was a valuation call. Finally, ValuEngine lowered Navistar International from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $46.33.

Shares of Navistar International stock opened at $38.55 on Friday. Navistar International Corp has a 12 month low of $31.56 and a 12 month high of $47.73. The company has a market cap of $3.99 billion, a P/E ratio of 75.78, a PEG ratio of 2.65 and a beta of 2.33. The company has a debt-to-equity ratio of -0.90, a current ratio of 1.14 and a quick ratio of 0.81.

Navistar International (NYSE:NAV) last announced its quarterly earnings results on Thursday, September 6th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.78. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis. research analysts predict that Navistar International Corp will post 3.05 earnings per share for the current 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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