Wabash National Corp. (WNC) Trading 7.8% Higher
Wabash National Corp. (NYSE:WNC) shares 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 traded. The stock had previously closed at $13.65.
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Wabash National Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Stifel Nicolaus lowered shares of Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 target price for the company. in a research report on Monday, June 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.20.
The firm has a market capitalization of $918.50 million and a price-to-earnings ratio of 7.52. The stock’s 50 day moving average is $13.60 and its 200-day moving average is $13.14.
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 Thomson Reuters’ consensus estimate of $0.47 by $0.08. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm had revenue of $471.44 million for the quarter, compared to the consensus estimate of $490.19 million. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts anticipate that Wabash National Corp. will post $1.86 EPS for the current year.
In other news, SVP Erin Jennifer Roth sold 18,150 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $14.25, for a total transaction of $258,637.50. Following the sale, the senior vice president now directly owns 87,270 shares in the company, valued at approximately $1,243,597.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A hedge fund recently raised its stake in Wabash National Corp. stock. California Public Employees Retirement System boosted its stake in shares of 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 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 0.39% of Wabash National Corp. worth $3,075,000 as of its most recent filing with the SEC.
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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