Towle Co buys $18,326,058 stake in Navistar International Corp (NAV)

Navistar International Corp (NAV) : Towle Co scooped up 6,720 additional shares in Navistar International Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 1,509,560 shares of Navistar International Corp which is valued at $18,326,058.Navistar International Corp makes up approximately 3.21% of Towle Co’s portfolio.

Other Hedge Funds, Including , Public Employees Retirement Association Of Colorado reduced its stake in NAV by selling 2,900 shares or 19.9% in the most recent quarter. The Hedge Fund company now holds 11,675 shares of NAV which is valued at $149,674.

Navistar International Corp opened for trading at $12.63 and hit $13.1 on the upside on Monday, eventually ending the session at $12.84, with a gain of 2.56% or 0.32 points. The heightened volatility saw the trading volume jump to 4,97,082 shares. Company has a market cap of $1,048 M.

On the company’s financial health, Navistar International Corp reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $-0.15. The company had revenue of $2197.00 million for the quarter, compared to analysts expectations of $2176.60 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.78 EPS.

Many Wall Street Analysts have commented on Navistar International Corp. Navistar International Corp was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016. Stifel Downgraded Navistar International Corp on Jun 14, 2016 to ” Sell”, Price Target of the shares are set at $10.

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.

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