Wabash National Corp. (WNC) Sees Strong Trading Volume
Shares of Wabash National Corp. (NYSE:WNC) saw unusually-strong trading volume on Thursday . Approximately 999,681 shares were traded during 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 equities research analysts recently issued reports on WNC shares. Zacks Investment Research raised Wabash National Corp. from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research note on Saturday, April 30th. Stifel Nicolaus lowered Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 price objective for the company. in a research note on Monday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Wabash National Corp. currently has an average rating of “Hold” and an average price target of $13.20.
The stock has a market cap of $896.77 million and a price-to-earnings ratio of 7.35. The firm’s 50 day moving average price is $13.64 and its 200-day moving average price is $13.17.
Wabash National Corp. (NYSE:WNC) last announced its earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The company had revenue of $471.44 million for the quarter, compared to analysts’ expectations of $490.19 million. Wabash National Corp.’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts forecast that Wabash National Corp. will post $1.86 EPS for the current fiscal year.
In other news, SVP Erin Jennifer Roth sold 18,150 shares of the company’s stock in a transaction on Monday, August 8th. The stock was 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 approximately $1,243,597.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in Wabash National Corp. stock. California Public Employees Retirement System increased its stake in Wabash National Corp. (NYSE:WNC) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 approximately 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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