Wabash National (NYSE:WNC) Lifted to Buy at StockNews.com

Wabash National (NYSE:WNCGet Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Wabash National Stock Performance

Shares of NYSE:WNC opened at $28.96 on Tuesday. The company’s 50 day simple moving average is $27.03 and its 200 day simple moving average is $24.32. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 6.02 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.17. Wabash National has a 1 year low of $20.09 and a 1 year high of $30.07.

Wabash National (NYSE:WNCGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.18. The firm had revenue of $596.10 million for the quarter, compared to analysts’ expectations of $633.68 million. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. As a group, research analysts predict that Wabash National will post 2.19 EPS for the current fiscal year.

Insider Activity

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the sale, the director now directly owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the transaction, the director now owns 6,386 shares in the company, valued at $172,805.16. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. lifted its stake in shares of Wabash National by 12.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 84,807 shares of the company’s stock valued at $2,173,000 after buying an additional 9,294 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Wabash National during the 4th quarter valued at approximately $3,010,000. Goldman Sachs Group Inc. lifted its stake in shares of Wabash National by 30.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 517,085 shares of the company’s stock valued at $13,248,000 after buying an additional 119,250 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Wabash National by 19.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,002 shares of the company’s stock valued at $384,000 after buying an additional 2,440 shares in the last quarter. Finally, Virtus Investment Advisers Inc. lifted its stake in shares of Wabash National by 305.0% during the 4th quarter. Virtus Investment Advisers Inc. now owns 26,424 shares of the company’s stock valued at $677,000 after buying an additional 19,900 shares in the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Company Profile

(Get Free Report)

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.

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