California Public Employees Retirement System lowered its stake in shares of Wabash National Corp. (NYSE:WNC) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,600 shares of the company’s stock after selling 12,100 shares during the period. California Public Employees Retirement System owned 0.30% of Wabash National Corp. worth $2,446,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Suntrust Banks Inc. increased its stake in shares of Wabash National Corp. by 5.7% in the second quarter. Suntrust Banks Inc. now owns 11,074 shares of the company’s stock valued at $140,000 after buying an additional 602 shares in the last quarter. Meeder Asset Management Inc. increased 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 in the last quarter. ING Groep NV acquired a new stake in shares of Wabash National Corp. during the first quarter valued at about $197,000. HBK Investments L P acquired a new stake in shares of Wabash National Corp. during the first quarter valued at about $235,000. Finally, Acrospire Investment Management LLC acquired a new stake in shares of Wabash National Corp. during the first quarter valued at about $306,000.
Shares of Wabash National Corp. (NYSE:WNC) traded down 0.97% on Friday, hitting $14.24. The company had a trading volume of 1,267,313 shares. Wabash National Corp. has a 1-year low of $9.68 and a 1-year high of $14.97. The firm has a market capitalization of $910.19 million, a price-to-earnings ratio of 7.46 and a beta of 2.11. The company has a 50 day moving average price of $13.82 and a 200 day moving average price of $13.50.
Wabash National Corp. (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.08. Wabash National Corp. had a return on equity of 28.98% and a net margin of 6.43%. The business earned $471.44 million during the quarter, compared to the consensus estimate of $490.19 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Wabash National Corp.’s revenue was down 8.4% compared to the same quarter last year. On average, equities analysts forecast that Wabash National Corp. will post $1.86 earnings per share for the current fiscal year.
WNC has been the subject of a number of research reports. Zacks Investment Research raised Wabash National Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday. Stifel Nicolaus downgraded Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 target price for the company. in a report on Monday, June 13th. Finally, Credit Agricole SA initiated coverage on Wabash National Corp. in a report on Friday. They set an “underperform” rating for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Wabash National Corp. has a consensus rating of “Hold” and an average target price of $13.40.
In related news, SVP Erin Jennifer Roth sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was 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 $1,269,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.
Wabash National Corp. Company Profile
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.
Want to see what other hedge funds are holding WNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wabash National Corp. (NYSE:WNC).
Receive News & Ratings for Wabash National Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National Corp. and related companies with MarketBeat.com's FREE daily email newsletter.