Guess Who Picked Up Navistar International Corp (NYSE:NAV) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Navistar International Corp (NYSE:NAV) reported that Icahn Capital LP has picked up 3,254,504 of common stock as of 2017-03-01.

The acquisition brings the aggregate amount owned by Integrated Icahn Capital LP to a total of 3,254,504 representing a 3.32% stake in the company.

For those not familiar with the company, Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc. and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations). The Truck segment manufactures and distributes Class 4 through 8 trucks, buses and military vehicles under the International and IC Bus brands, along with production of engines. The Parts segment supports its brands of International commercial trucks, IC buses and engines. The Global Operations segment includes operations of its subsidiary, International Industria de Motores da America do Sul Ltda. (IIAA). The Financial Services segment provides and manages retail, wholesale and lease financing of products sold by the Truck and Parts segments and their dealers.

A glance at Navistar International Corp (NYSE:NAV)’s key stats reveals a current market capitalization of 2.27 billion based on 81.71 million shares outstanding and a price at last close of $28.61 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-12-21, D’arcy picked up 1,000 at a purchase price of $31.78. This brings their total holding to 1,000 as of the date of the filing.

On the sell side, the most recent transaction saw Hammes unload 5,000 shares at a sale price of $29.04. This brings their total holding to 5,261.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Navistar International Corp (NYSE:NAV) as things move forward to see if its progress aligns with these transactions.

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