Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Navistar International Corp (NYSE: NAV)
Navistar is a manufacturer of medium- and heavy-duty trucks, school buses, military vehicles, and diesel engines. Its principle markets are North America and Latin America. Its trucks are sold through over 800 dealers in the United States, Canada, and Mexico. It currently commands a 17% share for its core products, which include class 6 through 8 trucks and school buses. The company previously struggled to develop an unconventional diesel emission technology, or EGR, to meet 2010 EPA guidelines, which caused its market share to plummet to 16% in 2015 from 36% in 2009. In 2018, manufacturing revenues were approximately $10 billion.
A quick look at the price chart below for Navistar shows us that the stock is down 12% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.28 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Navistar include:
Carl Icahn – 16,729,960 total shares held
Mario Gabelli – 4,346,363 total shares held
Jim Simons – 1,296,804 total shares held
Ken Griffin – 365,740 total shares held
Cliff Asness – 38,106 total shares held
Jeremy Grantham – 14,300 total shares held
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