Wabash National (NYSE:WNC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Wabash National (NYSE:WNC – Get Rating) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.

Other analysts have also recently issued research reports about the stock. DA Davidson increased their price target on shares of Wabash National from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Vertical Research cut shares of Wabash National from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research note on Monday, December 5th. BMO Capital Markets increased their price objective on shares of Wabash National from $17.00 to $27.50 in a research report on Friday, February 3rd. Finally, Raymond James increased their price objective on shares of Wabash National from $29.00 to $33.00 and gave the company a “strong-buy” rating in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wabash National presently has a consensus rating of “Moderate Buy” and an average target price of $28.30.

Wabash National Stock Down 4.0 %

Shares of WNC stock opened at $24.17 on Thursday. Wabash National has a 12-month low of $12.23 and a 12-month high of $30.10. The firm has a fifty day moving average of $26.53 and a 200-day moving average of $22.42. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.65 and a beta of 1.64. The company has a quick ratio of 1.00, a current ratio of 1.71 and a debt-to-equity ratio of 0.99.

Wabash National (NYSE:WNC – Get Rating) last announced its earnings results on Thursday, February 2nd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. Wabash National had a net margin of 4.49% and a return on equity of 31.21%. The business had revenue of $657.40 million during the quarter, compared to analysts’ expectations of $668.58 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The firm’s revenue was up 37.2% on a year-over-year basis. As a group, equities research analysts predict that Wabash National will post 2.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kevin J. Page sold 22,160 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $27.15, for a total transaction of $601,644.00. Following the transaction, the senior vice president now directly owns 70,134 shares of the company’s stock, valued at $1,904,138.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Wabash National news, SVP Kevin J. Page sold 22,160 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $27.15, for a total value of $601,644.00. Following the transaction, the senior vice president now directly owns 70,134 shares of the company’s stock, valued at approximately $1,904,138.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brent L. Yeagy sold 60,244 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $28.08, for a total transaction of $1,691,651.52. Following the completion of the transaction, the chief executive officer now directly owns 319,129 shares in the company, valued at $8,961,142.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 270,005 shares of company stock valued at $7,260,522. 1.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wabash National

Hedge funds have recently bought and sold shares of the company. Financial Advocates Investment Management acquired a new stake in shares of Wabash National in the 3rd quarter valued at approximately $326,000. Victory Capital Management Inc. boosted its stake in shares of Wabash National by 9.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,894,284 shares of the company’s stock valued at $29,476,000 after purchasing an additional 170,835 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Wabash National in the 3rd quarter valued at approximately $502,000. Aristotle Capital Boston LLC boosted its stake in shares of Wabash National by 4.4% in the 2nd quarter. Aristotle Capital Boston LLC now owns 1,054,604 shares of the company’s stock valued at $14,322,000 after purchasing an additional 44,797 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Wabash National by 163.2% in the 1st quarter. Hsbc Holdings PLC now owns 36,465 shares of the company’s stock valued at $550,000 after purchasing an additional 22,609 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Wabash National Company Profile

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Wabash National Corp. engages in the design, manufacture and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. It operates through the following segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment manufactures van and platform trailers and other transportation related equipment to customers who purchase directly from the company or through independent dealers.