Economy

Navistar International Corporation (NAV) Hits New 52-Week High After Strong Earnings

Navistar International Corporation (NAV) Hits New 52-Week High After Strong Earningsā€

The institutional investor owned 16,300 shares of the company's stock after selling 20,300 shares during the quarter.

More notable recent Navistar International Corp (NYSE:NAV) news were published by: Seekingalpha.com which released: "Navistar International Corporation's (NAV) CEO Troy Clarke on Q3 2017 Results ..." on September 06, 2017, also Nytimes.com with their article: "US Senate Panel to Look at Self-Driving Commercial Trucks" published on September 06, 2017, Prnewswire.com published: "Daniel A. Ninivaggi Appointed To Navistar Board Of Directors" on August 16, 2017. The value of the company's investment in Navistar International Corporat went from $258,000 to $59,000 decreasing 77.1% quarter to quarter. The stock recorded a fall in short interest of -5.25% as of the latest report on August 15, 2017. Russell Investments Group Ltd. now owns 132,967 shares of the company's stock worth $3,274,000 after buying an additional 66,267 shares during the period. First Trust Advisors LP boosted its holdings in Navistar International Corporation by 44.6% in the 1st quarter. Hedge funds and other institutional investors own 84.08% of the company's stock. In the last three months, insiders have bought 499,781 shares of company stock valued at $14,693,815.

Navistar International Corporation (NAV) opened at 33.93 on Wednesday. The stock has "Hold" rating by RBC Capital Markets on Monday, July 10. Navistar International Corporation has a 52 week low of $13.57 and a 52 week high of $36.90.

It is now trading at $33.93 which is marginally higher than $30.97, the stock's 50 day moving average and much higher than the 200 day moving average of $27.63.

Navistar International Corporation (NYSE:NAV) last announced its quarterly earnings data on Wednesday, June 7th.

They expect $0.28 EPS, up 146.43% or $0.41 from last year's $-0.13 per share. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the business earned ($0.42) earnings per share. After $-0.73 actual EPS reported by Navistar International Corp for the previous quarter, Wall Street now forecasts -138.36% EPS growth.

On 8/2/2017 Truck & Bus Gmbh Volkswagen, Major Shareholder, bought 24,900 with an average share price of $29.95 per share and the total transaction amounting to $745,755.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 21.80% of the company's stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and worldwide trademark & copyright law. Strs Ohio bought a new position in Navistar International Corporation in the 1st quarter worth $901,000.

A number of equities research analysts recently commented on NAV shares. As of quarter end Jane Street Group, LLC had acquired a total of 85,167 shares growing its position 795.4%.

Analysts await Navistar International Corp (NYSE:NAV) to report earnings on September, 14.

On June 5 the stock rating was upgraded to "Outperform" from "Neutral" in a report issued by Baird. Royal Bank Of Canada reiterated a "hold" rating and set a $28.00 target price on shares of Navistar International Corporation in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company's stock. Proxima Capital Management LLC increased its stake in shares of Navistar International Corporation by 7.5% during the second quarter.

Navistar International Corporation, launched on May 26, 1993, is a holding company whose principal operating entities are Navistar, Inc. and Navistar Financial Corporation (NFC).



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