Stanley Capital Management adds Navistar International Corp (NAV) to its portfolio

Navistar International Corp (NAV) : Stanley Capital Management added new position in Navistar International Corp during the most recent quarter end. The investment management firm now holds 274,966 shares of Navistar International Corp which is valued at $7,556,066 , the company said in a statement filed on Nov 14, 2016 with the SEC.Navistar International Corp makes up approximately 5.66% of Stanley Capital Management’s portfolio.

Other Hedge Funds, Including , Private Management Group Inc reduced its stake in NAV by selling 249,040 shares or 22.58% in the most recent quarter. The Hedge Fund company now holds 853,774 shares of NAV which is valued at $23,461,710. Navistar International Corp makes up approx 1.39% of Private Management Group Inc’s portfolio.New York State Common Retirement Fund reduced its stake in NAV by selling 15,763 shares or 15.75% in the most recent quarter. The Hedge Fund company now holds 84,306 shares of NAV which is valued at $2,045,264.Aperio Group boosted its stake in NAV in the latest quarter, The investment management firm added 2,210 additional shares and now holds a total of 22,830 shares of Navistar International Corp which is valued at $516,186. Meeder Asset Management Inc sold out all of its stake in NAV during the most recent quarter. The investment firm sold 3,240 shares of NAV which is valued $72,446.

Navistar International Corp opened for trading at $28.65 and hit $29.25 on the upside on Monday, eventually ending the session at $29, with a gain of 1.58% or 0.45 points. The heightened volatility saw the trading volume jump to 8,07,763 shares. Company has a market cap of $2,367 M.

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.

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