Navistar International Corporation (NYSE: NAV): Stock That Needs Special Handling

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    Franklin Mutual Advisers LLC recently announced the acquisition of new stake in Navistar International Corporation (NYSE:NAV). The institutional investor has increased its shareholding in the Industrials company by 26.57% to 2.98 million shares with purchase of 0.63 million shares. This fresh investment now brings its stake to 3.00% valued currently at $74.95 million. In addition, TIG Advisors LLC raised its holdings by 2.88 million to 2.88 million shares. And Dimensional Fund Advisors LP has lifted its position by 1.08% or 18246.0 shares – to 1.71 million shares.

    With over 0.55 million Navistar International Corporation (NAV) shares trading Wednesday and a closing price of $27.82 on the day, the dollar volume was approximately $15.23 million. The shares have shown a negative weekly performance of -1.35% and its price on 07/08/20 gained nearly 2.39%. Currently, there are 99.70M common shares owned by the public and among those 82.53M shares have been available to trade.

    Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 204,723 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 175,216 shares.

    The top 3 mutual fund holders in Navistar International Corporation are Franklin Mutual Ser. Fds. – Quest, FTIF SICAV – Growth (Euro) Fund, and Vanguard Total Stock Market Index. Franklin Mutual Ser. Fds. – Quest owns 2.83 million shares of the company’s stock, all valued at over $71.16 million. The company has a total holdings of about 2.85% of the shares outstanding. FTIF SICAV – Growth (Euro) Fund sold 6632.0 shares to see its total holdings shrink to 2.21 million shares valued at over $55.6 million and representing 2.22% of the shares outstanding. Vanguard Total Stock Market Index sold 1400.0 shares to bring its total holdings to over 1.43 million shares at a value of $35.93 million. Vanguard Total Stock Market Index now owns shares totaling to 1.44% of the shares outstanding.

    Shares of Navistar International Corporation (NYSE: NAV) opened at $27.26, up $0.09 from a prior closing price of $27.17. However, the script later closed the day at $27.82, up 2.39%. The company’s stock has a 5-day price change of -1.35% and 59.89% over the past three months. NAV shares are trading -3.87% year to date (YTD), with the 12-month market performance down to -16.96% lower. It has a 12-month low price of $15.01 and touched a high of $38.00 over the same period. Currently, 0.55 million shares have been traded, compared to an average intraday trading volume of 774.58K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.10%, 8.18%, and -0.33% respectively.

    Institutional ownership of Navistar International Corporation (NYSE: NAV) shares accounts for 78.60% of the company’s 99.70M shares outstanding. Mutual fund holders own 54.03%, while other institutional holders and individual stakeholders account for 59.82% and 23.24% respectively.

    It has a market capitalization of $2.72B and a beta (3y monthly) value of 2.58. The stock’s trailing 12-month PE ratio is 15.06, while the earnings-per-share (ttm) stands at $1.85. The company has a PEG of 3.01 and a Quick Ratio of 1.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.35% over the week and 4.33% over the month.

    Analysts forecast that Navistar International Corporation (NAV) will achieve an EPS of -$0.18 for the current quarter, $0.28 for the next quarter and $1.49 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.64 while analysts give the company a high EPS estimate of $0.47. Comparatively, EPS for the current quarter was $1.56 a year ago. Earnings per share for the fiscal year are expected to decrease by -34.90%, and 329.20% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 18.00% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by several brokerage firm advisors rate Navistar International Corporation (NAV) as a “Moderate Buy” at a consensus score of 2.60.

    Looking at the support for the NAV, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on July 07, 2020. Robert W. Baird coverage for the Navistar International Corporation (NAV) stock in a research note released on June 05, 2020 offered a Outperform rating with a price target of $35. Loop Capital was of a view on June 05, 2020 that the stock is Buy, while Longbow gave the stock Neutral rating on June 02, 2020. Loop Capital on their part issued Hold rating on March 03, 2020.

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