Navistar International Corp (NAV) : Stanley Capital Management scooped up 124,500 additional shares in Navistar International Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 274,966 shares of Navistar International Corp which is valued at $3.1 Million.Navistar International Corp makes up approximately 3.06% of Stanley Capital Management’s portfolio.
Other Hedge Funds, Including , Renaissance Technologies added NAV to its portfolio by purchasing 13,200 company shares during the most recent quarter which is valued at $148,764.Blackrock Investment Management boosted its stake in NAV in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 189,070 shares of Navistar International Corp which is valued at $2.1 Million.Diam Ltd. boosted its stake in NAV in the latest quarter, The investment management firm added 282 additional shares and now holds a total of 30,347 shares of Navistar International Corp which is valued at $355,667. Navistar International Corp makes up approx 0.01% of Diam Ltd.’s portfolio.Aperio Group boosted its stake in NAV in the latest quarter, The investment management firm added 6,748 additional shares and now holds a total of 18,505 shares of Navistar International Corp which is valued at $279,240.
Navistar International Corp opened for trading at $10.72 and hit $11.88 on the upside on Wednesday, eventually ending the session at $11.64, with a gain of 9.09% or 0.97 points. The heightened volatility saw the trading volume jump to 12,52,797 shares. Company has a market cap of $950 M.
On the company’s financial health, Navistar International Corp reported $-0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Mar 8, 2016. Analyst had a consensus of $-0.68. The company had revenue of $1765.00 million for the quarter, compared to analysts expectations of $2096.33 million. The company’s revenue was down -27.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.52 EPS.
Investors should note that on Apr 4, 2016, Navistar International Corp announced a cash dividend of $0.1600. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 17, 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.