As Navistar Intl Corp New (NAV) Valuation Declined, Ardevora Asset Management Llp Has Cut Position by $13.97 Million

January 15, 2018 - By Nellie Frank

Ardevora Asset Management Llp decreased its stake in Navistar Intl Corp New (NAV) by 23.33% based on its latest 2017Q3 regulatory filing with the SEC. Ardevora Asset Management Llp sold 317,500 shares as the company’s stock declined 4.74% while stock markets rallied. The institutional investor held 1.04 million shares of the auto manufacturing company at the end of 2017Q3, valued at $45.99 million, down from 1.36M at the end of the previous reported quarter. Ardevora Asset Management Llp who had been investing in Navistar Intl Corp New for a number of months, seems to be less bullish one the $4.47 billion market cap company. The stock decreased 1.37% or $0.63 during the last trading session, reaching $45.4. About 744,143 shares traded or 10.78% up from the average. Navistar International Corporation (NYSE:NAV) has risen 142.96% since January 15, 2017 and is uptrending. It has outperformed by 126.26% the S&P500.

Ardevora Asset Management Llp, which manages about $3.34 billion US Long portfolio, upped its stake in Msc Indl Direct Inc (NYSE:MSM) by 66,700 shares to 484,700 shares, valued at $36.63 million in 2017Q3, according to the filing. It also increased its holding in Technipfmc Plc by 159,800 shares in the quarter, for a total of 1.29M shares, and has risen its stake in O Reilly Automotive Inc New (NASDAQ:ORLY).

More notable recent Navistar International Corporation (NYSE:NAV) news were published by: Investorplace.com which released: “Why Navistar International Corp Stock Will Soar Nearly 30% Higher” on December 27, 2017, also Pionline.com with their article: “Navistar charts $134 million pension contribution for fiscal year 2018” published on January 02, 2018, Livetradingnews.com published: “Navistar International Corp (NYSE:NAV) Bullish Trend” on December 19, 2017. More interesting news about Navistar International Corporation (NYSE:NAV) were released by: Investorplace.com and their article: “Navistar International Corp Stock Soars on Q4 Earnings Results” published on December 19, 2017 as well as Twst.com‘s news article titled: “Navistar International Corporation: IC BUS CONTINUES STRONG SALES OF PROPANE BUSES” with publication date: January 02, 2018.

Navistar International Corporation (NYSE:NAV) Ratings Coverage

Among 20 analysts covering Navistar International Corporation (NYSE:NAV), 5 have Buy rating, 2 Sell and 13 Hold. Therefore 25% are positive. Navistar International Corporation had 72 analyst reports since July 27, 2015 according to SRatingsIntel. Jefferies maintained Navistar International Corporation (NYSE:NAV) on Friday, April 7 with “Buy” rating. The firm has “Sell” rating by Stifel Nicolaus given on Tuesday, June 14. The company was maintained on Thursday, September 3 by Macquarie Research. The company was maintained on Tuesday, December 19 by Robert W. Baird. Deutsche Bank initiated the stock with “Hold” rating in Wednesday, September 7 report. The company was initiated on Tuesday, October 6 by Stifel Nicolaus. The stock of Navistar International Corporation (NYSE:NAV) earned “Market Perform” rating by Wells Fargo on Friday, October 6. The firm earned “Buy” rating on Thursday, September 3 by Jefferies. The rating was maintained by DA Davidson on Thursday, September 3 with “Neutral”. The firm earned “Hold” rating on Monday, September 4 by Stifel Nicolaus.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.