NJ State Employees Deferred Compensation Plan Sells 4,000 Shares of Navistar International Corp (NYSE:NAV)

NJ State Employees Deferred Compensation Plan decreased its holdings in shares of Navistar International Corp (NYSE:NAV) by 22.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,000 shares of the company’s stock after selling 4,000 shares during the period. NJ State Employees Deferred Compensation Plan’s holdings in Navistar International were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NAV. FNY Investment Advisers LLC bought a new position in shares of Navistar International during the second quarter worth approximately $34,000. Fox Run Management L.L.C. acquired a new stake in shares of Navistar International during the 2nd quarter worth approximately $360,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Navistar International during the 2nd quarter worth approximately $238,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Navistar International during the 2nd quarter worth approximately $278,000. Finally, Redwood Investment Management LLC boosted its position in shares of Navistar International by 9.8% during the 1st quarter. Redwood Investment Management LLC now owns 30,615 shares of the company’s stock worth $989,000 after acquiring an additional 2,722 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Shares of NYSE NAV traded down $1.32 during trading hours on Friday, hitting $29.03. 573,564 shares of the stock were exchanged, compared to its average volume of 378,931. The firm has a market cap of $3.01 billion, a P/E ratio of 7.14, a PEG ratio of 0.50 and a beta of 2.15. The firm has a fifty day moving average of $33.01. Navistar International Corp has a 1-year low of $23.69 and a 1-year high of $43.71.

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

NAV has been the topic of several analyst reports. ValuEngine lowered shares of Navistar International from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Navistar International from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Friday, June 14th. Finally, Longbow Research lowered shares of Navistar International from a “buy” rating to a “neutral” rating and set a $34.08 price target on the stock. in a research report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $37.11.

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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