First Trust Advisors LP increased its position in Wabash National Corp. (NYSE:WNC) by 143.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 195,023 shares of the company’s stock after buying an additional 114,790 shares during the period. First Trust Advisors LP owned about 0.31% of Wabash National Corp. worth $2,477,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WNC. Cambridge Investment Research Advisors Inc. boosted its position in shares of 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 worth $185,000 after buying an additional 500 shares during the period. Suntrust Banks Inc. boosted its position in shares of Wabash National Corp. by 5.7% in the second quarter. Suntrust Banks Inc. now owns 11,074 shares of the company’s stock worth $140,000 after buying an additional 602 shares during the period. Aperio Group LLC boosted its position in shares of Wabash National Corp. by 6.0% in the first quarter. Aperio Group LLC now owns 40,772 shares of the company’s stock worth $538,000 after buying an additional 2,313 shares during the period. Baker Ellis Asset Management LLC boosted its position in shares of Wabash National Corp. by 3.8% in the second quarter. Baker Ellis Asset Management LLC now owns 74,380 shares of the company’s stock worth $945,000 after buying an additional 2,750 shares during the period. Finally, UBS Group AG boosted its position in shares of Wabash National Corp. by 1.8% in the first quarter. UBS Group AG now owns 201,913 shares of the company’s stock worth $2,666,000 after buying an additional 3,564 shares during the period.

Shares of Wabash National Corp. (NYSE:WNC) traded up 4.36% during midday trading on Wednesday, hitting $14.13. The stock had a trading volume of 1,064,161 shares. The company’s 50 day moving average is $13.71 and its 200 day moving average is $13.41. The company has a market cap of $903.16 million, a PE ratio of 7.40 and a beta of 2.11. Wabash National Corp. has a 52-week low of $9.68 and a 52-week high of $14.97.

Wabash National Corp. (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. Wabash National Corp. had a return on equity of 28.98% and a net margin of 6.43%. The company earned $471.44 million during the quarter, compared to analyst estimates of $490.19 million. During the same period in the prior year, the company earned $0.33 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. On average, analysts anticipate that Wabash National Corp. will post $1.86 earnings per share for the current year.

A number of equities analysts have commented on the company. Zacks Investment Research raised Wabash National Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, August 3rd. Stifel Nicolaus cut Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 price target on the stock. in a research note on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Wabash National Corp. currently has an average rating of “Hold” and a consensus target price of $13.20.

In related news, SVP Erin Jennifer Roth sold 18,150 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $14.25, for a total transaction of $258,637.50. Following the completion of the transaction, the senior vice president now directly owns 87,270 shares of the company’s stock, valued at $1,243,597.50. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.90% of the company’s stock.

Wabash National Corp. Company Profile

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.

5 Day Chart for NYSE:WNC

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