Insider Buying: Navistar International Corp (NAV) Major Shareholder Acquires $877,004.64 in Stock
Navistar International Corp (NYSE:NAV) major shareholder Carl C. Icahn purchased 34,032 shares of the stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average cost of $25.77 per share, with a total value of $877,004.64. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Navistar International Corp (NYSE:NAV) opened at 27.21 on Tuesday. Navistar International Corp has a 52-week low of $10.30 and a 52-week high of $33.46. The company’s market cap is $2.67 billion. The firm has a 50 day moving average price of $27.12 and a 200-day moving average price of $26.13.
Navistar International Corp (NYSE:NAV) last posted its quarterly earnings data on Tuesday, March 7th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by $0.33. The company earned $1.66 billion during the quarter, compared to the consensus estimate of $1.72 billion. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the company earned ($0.40) earnings per share. Equities research analysts anticipate that Navistar International Corp will post ($0.13) earnings per share for the current year.
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A number of large investors have recently bought and sold shares of NAV. UBS Asset Management Americas Inc. increased its stake in Navistar International Corp by 2.0% in the third quarter. UBS Asset Management Americas Inc. now owns 60,701 shares of the company’s stock worth $1,389,000 after buying an additional 1,200 shares during the last quarter. Wells Fargo & Company MN increased its stake in Navistar International Corp by 3.2% in the third quarter. Wells Fargo & Company MN now owns 62,116 shares of the company’s stock worth $1,422,000 after buying an additional 1,920 shares during the last quarter. Aperio Group LLC increased its stake in Navistar International Corp by 10.7% in the third quarter. Aperio Group LLC now owns 22,830 shares of the company’s stock worth $523,000 after buying an additional 2,210 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Navistar International Corp during the fourth quarter worth $180,000. Finally, Teachers Advisors LLC increased its stake in Navistar International Corp by 8.1% in the third quarter. Teachers Advisors LLC now owns 83,464 shares of the company’s stock worth $1,910,000 after buying an additional 6,284 shares during the last quarter.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Navistar International Corp from a “buy” rating to a “hold” rating in a report on Thursday, December 22nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Navistar International Corp in a report on Tuesday, December 27th. Aegis assumed coverage on Navistar International Corp in a report on Friday, December 23rd. They issued a “buy” rating and a $36.00 target price for the company. Deutsche Bank AG reaffirmed a “hold” rating and issued a $32.00 target price (up previously from $21.00) on shares of Navistar International Corp in a report on Friday, December 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 target price on shares of Navistar International Corp in a report on Wednesday, December 21st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.35.
Navistar International Corp Company Profile
Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations).
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