Wabash National Corp. (WNC) Trading 7.8% Higher
Shares of Wabash National Corp. (NYSE:WNC) traded up 7.8% during mid-day trading on Wednesday . The stock traded as high as $14.72 and last traded at $14.71, with a volume of 3,051,957 shares. The stock had previously closed at $13.65.
Several analysts recently issued reports on the company. Stifel Nicolaus downgraded Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 price target on the stock. in a report on Monday, June 13th. Zacks Investment Research downgraded Wabash National Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Wabash National Corp. has an average rating of “Hold” and a consensus price target of $13.20.
The stock’s 50-day moving average is $13.50 and its 200 day moving average is $13.12. The stock has a market cap of $934.80 million and a P/E ratio of 7.657.
Wabash National Corp. (NYSE:WNC) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.08. The firm had revenue of $471.44 million for the quarter, compared to the consensus estimate of $490.19 million. The company’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts predict that Wabash National Corp. will post $1.86 earnings per share for the current year.
In related news, SVP Erin Jennifer Roth sold 18,150 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $14.25, for a total transaction of $258,637.50. Following 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 Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in Wabash National Corp. stock. California Public Employees Retirement System raised its stake in Wabash National Corp. (NYSE:WNC) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,900 shares of the company’s stock after buying an additional 6,200 shares during the period. California Public Employees Retirement System owned about 0.39% of Wabash National Corp. worth $3,075,000 at the end of the most recent quarter.
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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