BlackRock Advisors LLC raised its stake in Wabash National Corp. (NYSE:WNC) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 388,061 shares of the company’s stock after buying an additional 4,558 shares during the period. BlackRock Advisors LLC owned approximately 0.61% of Wabash National Corp. worth $4,928,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of WNC. Cambridge Investment Research Advisors Inc. raised its stake in 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 valued at $185,000 after buying an additional 500 shares during the last quarter. Suntrust Banks Inc. raised its stake in 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 during the last quarter. Teacher Retirement System of Texas raised its stake in 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 valued at $116,000 after buying an additional 984 shares during the last quarter. Principal Financial Group Inc. raised its stake in Wabash National Corp. by 12.1% in the second quarter. Principal Financial Group Inc. now owns 18,027 shares of the company’s stock valued at $229,000 after buying an additional 1,948 shares during the last quarter. Finally, Aperio Group LLC raised its position in Wabash National Corp. by 6.0% in the first quarter. Aperio Group LLC now owns 40,772 shares of the company’s stock valued at $538,000 after buying an additional 2,313 shares during the last quarter.
Shares of Wabash National Corp. (NYSE:WNC) opened at 13.30 on Tuesday. The firm’s 50-day moving average is $13.87 and its 200 day moving average is $13.58. Wabash National Corp. has a 12-month low of $9.68 and a 12-month high of $14.97. The stock has a market capitalization of $850.11 million, a P/E ratio of 6.96 and a beta of 2.09.
Wabash National Corp. (NYSE:WNC) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.47 by $0.08. The business earned $471.44 million during the quarter, compared to analyst estimates of $490.19 million. Wabash National Corp. had a return on equity of 28.98% and a net margin of 6.43%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. On average, equities research analysts forecast that Wabash National Corp. will post $1.86 EPS for the current fiscal year.
WNC has been the subject of several research reports. Credit Agricole SA initiated coverage on shares of Wabash National Corp. in a research report on Friday, September 30th. They set an “underperform” rating and a $15.00 price target for the company. Zacks Investment Research upgraded shares of Wabash National Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, September 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Wabash National Corp. currently has a consensus rating of “Hold” and a consensus price target of $13.67.
In other news, SVP Erin Jennifer Roth sold 7,500 shares of Wabash National Corp. stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $14.50, for a total value of $108,750.00. Following the completion of the transaction, the senior vice president now owns 87,520 shares of the company’s stock, valued at approximately $1,269,040. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company 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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