Martingale Asset Management L P decreased its position in Wabash National Corporation (NYSE:WNC) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 88,446 shares of the company’s stock after selling 4,100 shares during the period. Martingale Asset Management L P owned about 0.15% of Wabash National Corporation worth $1,945,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Alliancebernstein L.P. grew its holdings in Wabash National Corporation by 135.4% in the second quarter. Alliancebernstein L.P. now owns 224,340 shares of the company’s stock valued at $4,931,000 after purchasing an additional 129,040 shares during the last quarter. AXA boosted its stake in shares of Wabash National Corporation by 8.6% during the second quarter. AXA now owns 239,600 shares of the company’s stock valued at $5,266,000 after acquiring an additional 19,000 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of Wabash National Corporation by 140.1% during the second quarter. Systematic Financial Management LP now owns 201,417 shares of the company’s stock valued at $4,427,000 after acquiring an additional 117,515 shares during the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Wabash National Corporation during the second quarter valued at $1,145,000. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of Wabash National Corporation by 222.0% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 884,978 shares of the company’s stock valued at $19,451,000 after acquiring an additional 610,175 shares during the last quarter.

A number of research firms recently commented on WNC. Craig Hallum raised Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. BidaskClub raised Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 price objective on shares of Wabash National Corporation in a research note on Tuesday, September 12th. Zacks Investment Research raised Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Aegis increased their price objective on Wabash National Corporation from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Wabash National Corporation presently has a consensus rating of “Hold” and a consensus price target of $20.57.

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Wabash National Corporation (NYSE:WNC) opened at 20.96 on Wednesday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 13.51 and a beta of 1.78. Wabash National Corporation has a 52-week low of $10.74 and a 52-week high of $24.16. The company’s 50-day moving average price is $20.32 and its 200 day moving average price is $20.97.

Wabash National Corporation (NYSE:WNC) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The business had revenue of $435.90 million for the quarter, compared to analysts’ expectations of $436.85 million. During the same quarter in the prior year, the firm posted $0.55 EPS. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Wabash National Corporation will post $1.46 earnings per share for the current year.

Wabash National Corporation Company Profile

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.

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Institutional Ownership by Quarter for Wabash National Corporation (NYSE:WNC)

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