As a manufacturer of construction and mining equipment, as well as other industrial machinery, Caterpillar Inc. (NYSE: CAT) is seen as a bellwether for the global economy. So when the Dow component announced on September 24, 2015, that it plans to cut as many as 5,000 jobs and lowered its revenue outlook for this year and next, it sparked a North American stock sell off. This could be bad news for the smaller companies in this space, including the stocks on our list today.
Navistar International Corp. (NYSE: NAV) – $13.83
Heavy Machinery & Vehicles
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.
- Market Cap: $1,491,657,293
- Revenue (LTM): $13,043,469,300
- Total Debt (LFQ): $6,917,259,600
- MTD Price Change: -23.0%
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Greenbrier Companies Inc. (NYSE : GBX) – $33.48
Heavy Machinery & Vehicles
The Greenbrier Companies, Inc. (Greenbrier), formerly Greenbrier Co Inc., is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.
- Market Cap: $1,297,893,214
- Revenue (LTM): $2,914,591,477
- Total Debt (LFQ): $546,069,177
- MTD Price Change: -20.5%
Meritor Inc. (NYSE: MTOR) – $10.84
Heavy Machinery & Vehicles
Meritor, Inc. is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. The Company’s segments include commercial truck and industrial, and aftermarket and trailer.
- Market Cap: $1,438,786,882
- Revenue (LTM): $4,272,680,100
- Total Debt (LFQ): $1,370,262,700
- MTD Price Change: -11.5%
>> Read More: 5 Infrastructure Stocks That Could Get a Government Boost
Wajax Corp. (TSX: WJX) – $21.70
Heavy Machinery & Vehicles
Wajax Corporation is a Canada-based distributor engaged in the sale and service support of mobile equipment, power systems and industrial components. The Company has three product divisions, which operate through a network of 123 branches across Canada. Its three core businesses are the distribution, rental, modification and servicing of mobile equipment; the distribution, servicing and assembly of power systems, including heavy-duty engines and transmissions, and the distribution, servicing, engineering, custom design and assembly of industrial components.
- Market Cap: $442,643,810
- Revenue (LTM): $1,403,530,000
- Total Debt (LFQ): $170,333,000
- MTD Price Change: -3.8%
Ag Growth International Inc. (TSX: AFN) – $36.51
Heavy Machinery & Vehicles
Ag Growth International Inc. is a Canada-based company engaged in the business of grain handling, storage and conditioning market. It is a manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, storage bins, handling accessories and aeration equipment.
- Market Cap: $540,077,080
- Revenue (LTM): $412,684,000
- Total Debt (LFQ): $334,814,000
- MTD Price Change: -1.1%
