California Public Employees Retirement System Lowers Stock Holdings in Navistar International Corp (NYSE:NAV)

California Public Employees Retirement System lowered its position in Navistar International Corp (NYSE:NAV) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,060 shares of the company’s stock after selling 1,100 shares during the period. California Public Employees Retirement System owned approximately 0.08% of Navistar International worth $2,683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NAV. Financial Architects Inc purchased a new position in shares of Navistar International during the 4th quarter worth $26,000. Huntington National Bank raised its stake in shares of Navistar International by 335.7% in the first quarter. Huntington National Bank now owns 1,063 shares of the company’s stock valued at $34,000 after acquiring an additional 819 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in shares of Navistar International during the 4th quarter valued at $41,000. Pearl River Capital LLC bought a new stake in shares of Navistar International during the 4th quarter valued at $58,000. Finally, Bank of Montreal Can raised its position in shares of Navistar International by 14.3% during the 4th quarter. Bank of Montreal Can now owns 2,835 shares of the company’s stock valued at $74,000 after acquiring an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Several brokerages have commented on NAV. Zacks Investment Research cut shares of Navistar International from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research report on Friday, June 14th. ValuEngine raised shares of Navistar International from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Longbow Research lowered shares of Navistar International from a “buy” rating to a “neutral” rating and set a $34.08 price target for the company. in a report on Monday, May 6th. Finally, TheStreet raised shares of Navistar International from a “d-” rating to a “c” rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.11.

Shares of NAV traded up $0.39 on Monday, reaching $34.84. The company’s stock had a trading volume of 479,008 shares, compared to its average volume of 475,995. The stock has a market capitalization of $3.45 billion, a PE ratio of 10.28, a P/E/G ratio of 0.57 and a beta of 2.17. The company’s 50 day moving average price is $32.63. Navistar International Corp has a 12-month low of $23.69 and a 12-month high of $44.34.

Navistar International (NYSE:NAV) last released its quarterly earnings data on Tuesday, June 4th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.18. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Navistar International had a net margin of 2.83% and a negative return on equity of 10.59%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. On average, equities analysts forecast that Navistar International Corp will post 3.88 earnings per share for the current year.

Navistar International Company Profile

Navistar International Corporation, through its subsidiaries, 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.

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Institutional Ownership by Quarter for Navistar International (NYSE:NAV)

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