Wabash National Corp. (WNC) Sees Unusually-High Trading Volume
Wabash National Corp. (NYSE:WNC) shares saw unusually-strong trading volume on Thursday . Approximately 999,681 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 951,533 shares.The stock last traded at $14.20 and had previously closed at $14.37.
Several research analysts have recently commented on WNC shares. Stifel Nicolaus lowered shares of Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 price target for the company. in a report on Monday, June 13th. Zacks Investment Research lowered shares of Wabash National Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.20.
The stock has a market capitalization of $918.50 million and a PE ratio of 7.52. The stock’s 50-day moving average price is $13.60 and its 200-day moving average price is $13.14.
Wabash National Corp. (NYSE:WNC) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.08. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm earned $471.44 million during the quarter, compared to analyst estimates of $490.19 million. Wabash National Corp.’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, equities research 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 18,150 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $14.25, for a total value of $258,637.50. Following the completion of the sale, 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 through this link.
A hedge fund recently raised its stake in Wabash National Corp. stock. California Public Employees Retirement System boosted its position in Wabash National Corp. (NYSE:WNC) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 reporting period.
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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