Algert Global LLC cut its position in Wabash National Corp. (NYSE:WNC) by 10.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,414 shares of the company’s stock after selling 15,998 shares during the period. Algert Global LLC’s holdings in Wabash National Corp. were worth $1,871,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of WNC. Pacad Investment Ltd. raised its stake in shares of Wabash National Corp. by 0.5% in the second quarter. Pacad Investment Ltd. now owns 22,100 shares of the company’s stock worth $281,000 after buying an additional 100 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Wabash National Corp. by 3.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,587 shares of the company’s stock worth $185,000 after buying an additional 500 shares during the period. Suntrust Banks Inc. raised 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 worth $140,000 after buying an additional 602 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Wabash National Corp. by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,136 shares of the company’s stock worth $116,000 after buying an additional 984 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Wabash National Corp. by 12.1% in the second quarter. Principal Financial Group Inc. now owns 18,027 shares of the company’s stock worth $229,000 after buying an additional 1,948 shares during the period.
Wabash National Corp. (NYSE:WNC) opened at 13.84 on Thursday. The stock’s 50 day moving average is $13.95 and its 200 day moving average is $13.57. The firm has a market cap of $884.63 million, a P/E ratio of 7.25 and a beta of 2.09. Wabash National Corp. has a one year low of $9.68 and a one year high of $14.97.
Wabash National Corp. (NYSE:WNC) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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 company earned $471.44 million during the quarter, compared to analyst estimates of $490.19 million. During the same period in the previous year, the company earned $0.33 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts expect that Wabash National Corp. will post $1.86 earnings per share for the current year.
A number of brokerages recently issued reports on WNC. Zacks Investment Research upgraded shares of Wabash National Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, August 3rd. Credit Agricole SA started coverage on shares of Wabash National Corp. in a report on Friday, September 30th. They issued an “underperform” rating and a $15.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.67.
In other news, SVP Erin Jennifer Roth sold 18,150 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $14.25, for a total transaction of $258,637.50. Following the completion of the transaction, the senior vice president now directly owns 87,270 shares in the company, valued at $1,243,597.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.
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