Wabash National (NYSE:WNC) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Wabash National (NYSE:WNC) from a strong sell rating to a sell rating in a research report report published on Saturday.

WNC has been the topic of a number of other research reports. DA Davidson reiterated a “buy” rating and issued a $20.00 target price on shares of Wabash National in a research report on Wednesday, July 22nd. Citizens Jmp initiated coverage on shares of Wabash National in a research report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 price target for the company. Finally, Weiss Ratings cut shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Wabash National presently has an average rating of “Hold” and an average target price of $18.00.

Wabash National Stock Up 1.3%

Wabash National stock opened at $12.56 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.77 and a current ratio of 1.31. The business’s 50-day simple moving average is $11.31 and its two-hundred day simple moving average is $10.02. The company has a market cap of $511.74 million, a PE ratio of -6.51 and a beta of 1.43. Wabash National has a fifty-two week low of $6.63 and a fifty-two week high of $14.32.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.03. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.The business had revenue of $417.24 million for the quarter, compared to analyst estimates of $402.85 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The company’s revenue was down 9.1% on a year-over-year basis. Equities analysts anticipate that Wabash National will post -2.41 EPS for the current year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.5%. Wabash National’s dividend payout ratio (DPR) is presently -16.58%.

Hedge Funds Weigh In On Wabash National

Several institutional investors and hedge funds have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Wabash National in the fourth quarter worth about $37,000. Quadrant Capital Group LLC grew its holdings in Wabash National by 515.4% during the fourth quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock worth $47,000 after acquiring an additional 4,530 shares during the period. CWM LLC raised its position in Wabash National by 82.6% during the fourth quarter. CWM LLC now owns 6,099 shares of the company’s stock valued at $53,000 after acquiring an additional 2,758 shares in the last quarter. BNP Paribas Financial Markets raised its position in Wabash National by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock valued at $80,000 after acquiring an additional 4,129 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in Wabash National in the third quarter valued at approximately $102,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

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.