Navistar International Corp (NAV) : Parametrica Management Ltd added new position in Navistar International Corp during the most recent quarter end. The investment management firm now holds 14,060 shares of Navistar International Corp which is valued at $321,130 , the company said in a statement filed on Oct 13, 2016 with the SEC.Navistar International Corp makes up approximately 0.91% of Parametrica Management Ltd’s portfolio.
Other Hedge Funds, Including , North Star Investment Management Corp. reduced its stake in NAV by selling 85 shares or 28.33% in the most recent quarter. The Hedge Fund company now holds 215 shares of NAV which is valued at $4,908.Legal General Group Plc boosted its stake in NAV in the latest quarter, The investment management firm added 34,229 additional shares and now holds a total of 202,557 shares of Navistar International Corp which is valued at $4,624,376.
Navistar International Corp closed down -0.45 points or -1.93% at $22.83 with 8,15,583 shares getting traded on Tuesday. Post opening the session at $23.51, the shares hit an intraday low of $22.7 and an intraday high of $24.04 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Navistar International Corp reported $-0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.60 based on the information available during the earnings call on Sep 8, 2016. Analyst had a consensus of $0.18. The company had revenue of $2086.00 million for the quarter, compared to analysts expectations of $2194.04 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.
Many Wall Street Analysts have commented on Navistar International Corp. Company shares were Reiterated by UBS on Sep 16, 2016 to “Neutral”, Firm has raised the Price Target to $ 20 from a previous price target of $11 .Company shares were Reiterated by RBC Capital Mkts on Sep 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $13 .Navistar International Corp was Upgraded by Goldman to ” Neutral” on Sep 9, 2016.
Navistar International Corporation (NIC) is a holding company whose principal operating subsidiaries are Navistar Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks MaxxForce brand diesel engines IC Bus (IC) brand school and commercial buses as well as a provider of service parts for trucks and diesel engines. It also provides retail wholesale and lease financing of trucks and parts. The Company operates in four reporting segments which comprises: North America Truck North America Parts Global Operations (collectively referred to as Manufacturing operations) and Financial Services. Its principal products and services include Trucks Parts Engines and Financial Services.