Wabash National (NYSE:WNC) Receives “Neutral” Rating from DA Davidson

Wabash National (NYSE:WNC)‘s stock had its “neutral” rating reissued by DA Davidson in a research report issued on Thursday,Benzinga reports. They currently have a $11.00 price objective on the stock. DA Davidson’s price target points to a potential downside of 4.31% from the stock’s previous close.

Several other research analysts also recently commented on WNC. Zacks Research raised Wabash National from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. National Bank Financial set a $9.00 target price on shares of Wabash National in a research report on Thursday, October 23rd. Weiss Ratings upgraded shares of Wabash National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen raised shares of Wabash National from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

Wabash National Price Performance

NYSE WNC traded down $0.11 on Thursday, hitting $11.50. The company had a trading volume of 136,013 shares, compared to its average volume of 662,207. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.39 and a quick ratio of 0.79. The company’s fifty day moving average price is $10.14 and its 200-day moving average price is $9.78. The company has a market capitalization of $465.78 million, a PE ratio of 2.36 and a beta of 1.67. Wabash National has a 12-month low of $6.78 and a 12-month high of $12.94.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, February 4th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.16). Wabash National had a negative return on equity of 22.80% and a net margin of 13.71%.The company had revenue of $321.45 million for the quarter, compared to analysts’ expectations of $318.32 million. During the same period in the prior year, the firm earned ($0.02) EPS. The firm’s revenue for the quarter was down 22.9% on a year-over-year basis. As a group, analysts predict that Wabash National will post 0.94 earnings per share for the current year.

Hedge Funds Weigh In On Wabash National

Several large investors have recently made changes to their positions in WNC. First Trust Advisors LP acquired a new stake in shares of Wabash National in the second quarter valued at $32,629,000. Goldman Sachs Group Inc. increased its holdings in Wabash National by 161.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,108,072 shares of the company’s stock worth $9,585,000 after purchasing an additional 684,397 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Wabash National by 305.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 640,850 shares of the company’s stock valued at $6,325,000 after purchasing an additional 482,942 shares in the last quarter. Millennium Management LLC raised its position in Wabash National by 864.3% in the 1st quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock valued at $5,078,000 after purchasing an additional 411,889 shares in the last quarter. Finally, CenterBook Partners LP boosted its stake in shares of Wabash National by 263.6% in the 2nd quarter. CenterBook Partners LP now owns 494,457 shares of the company’s stock valued at $5,256,000 after buying an additional 358,478 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.