Equities research analysts at Credit Agricole SA assumed coverage on shares of Wabash National Corp. (NYSE:WNC) in a research report issued to clients and investors on Friday, The Fly reports. The firm set an “underperform” rating on the stock.
A number of other research firms also recently commented on WNC. Zacks Investment Research upgraded shares of Wabash National Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Stifel Nicolaus downgraded shares of Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 price objective for the company. in a report on Monday, June 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $13.40.
Shares of Wabash National Corp. (NYSE:WNC) opened at 14.38 on Friday. Wabash National Corp. has a one year low of $9.68 and a one year high of $14.97. The stock has a market cap of $919.14 million, a price-to-earnings ratio of 7.53 and a beta of 2.11. The company has a 50 day moving average price of $13.80 and a 200-day moving average price of $13.49.
Wabash National Corp. (NYSE:WNC) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.08. The company earned $471.44 million during the quarter, compared to the consensus estimate of $490.19 million. Wabash National Corp. had a net margin of 6.43% and a return on equity of 28.98%. Wabash National Corp.’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities analysts predict that Wabash National Corp. will post $1.86 earnings per share for the current fiscal year.
In other news, SVP Erin Jennifer Roth sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $14.50, for a total transaction of $108,750.00. Following the completion of the sale, the senior vice president now owns 87,520 shares in the company, valued at approximately $1,269,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Artemis Investment Management LLP bought a new position in Wabash National Corp. during the second quarter worth $13,342,000. Prudential Financial Inc. boosted its position in Wabash National Corp. by 38.9% in the second quarter. Prudential Financial Inc. now owns 2,650,818 shares of the company’s stock worth $33,666,000 after buying an additional 742,960 shares during the last quarter. Acadian Asset Management LLC boosted its position in Wabash National Corp. by 45.5% in the second quarter. Acadian Asset Management LLC now owns 2,130,352 shares of the company’s stock worth $27,057,000 after buying an additional 665,784 shares during the last quarter. Phocas Financial Corp. bought a new position in Wabash National Corp. during the first quarter worth $8,069,000. Finally, Emerald Acquisition Ltd. bought a new position in Wabash National Corp. during the second quarter worth $7,366,000.
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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