Lucus Advisors LLC decreased its stake in Wabash National Corp. (NYSE:WNC) by 28.7% during the second quarter, Holdings Channel reports. The firm owned 27,784 shares of the company’s stock after selling 11,209 shares during the period. Lucus Advisors LLC’s holdings in Wabash National Corp. were worth $353,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in shares of Wabash National Corp. by 144,050.0% in the second quarter. Meeder Asset Management Inc. now owns 14,415 shares of the company’s stock valued at $183,000 after buying an additional 14,405 shares during the last quarter. ING Groep NV purchased a new stake in shares of Wabash National Corp. during the first quarter valued at approximately $197,000. HBK Investments L P purchased a new stake in shares of Wabash National Corp. during the first quarter valued at approximately $235,000. Acrospire Investment Management LLC purchased a new stake in shares of Wabash National Corp. during the first quarter valued at approximately $306,000. Finally, Boothbay Fund Management LLC raised its stake in shares of Wabash National Corp. by 94.3% in the first quarter. Boothbay Fund Management LLC now owns 31,631 shares of the company’s stock valued at $418,000 after buying an additional 15,349 shares during the last quarter.
Wabash National Corp. (NYSE:WNC) traded up 1.54% on Wednesday, hitting $14.47. 960,368 shares of the company were exchanged. The firm has a market cap of $924.89 million, a price-to-earnings ratio of 7.58 and a beta of 2.11. Wabash National Corp. has a one year low of $9.68 and a one year high of $14.97. The stock has a 50 day moving average price of $13.77 and a 200 day moving average price of $13.48.
Wabash National Corp. (NYSE:WNC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. The company had revenue of $471.44 million for the quarter, compared to analyst estimates of $490.19 million. Wabash National Corp. had a net margin of 6.43% and a return on equity of 28.98%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. On average, equities research analysts forecast that Wabash National Corp. will post $1.86 EPS for the current fiscal year.
Several brokerages have commented on WNC. Zacks Investment Research upgraded shares of Wabash National Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday. Stifel Nicolaus lowered shares of Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 price target on the stock. in a research note on Monday, June 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.40.
In other news, SVP Erin Jennifer Roth sold 18,150 shares of Wabash National Corp. stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $14.25, for a total transaction of $258,637.50. Following the sale, the senior vice president now directly owns 87,270 shares in the company, valued at approximately $1,243,597.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.
About Wabash National Corp.
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations.
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