Wabash National (NYSE:WNC) Upgraded to “Buy” at StockNews.com

Wabash National (NYSE:WNC) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Wabash National Price Performance

Shares of Wabash National stock opened at $25.90 on Thursday. 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 fifty-two week low of $20.09 and a fifty-two week high of $30.07. The firm has a fifty day moving average price of $27.41 and a two-hundred day moving average price of $24.78. The company has a market cap of $1.17 billion, a PE ratio of 5.38 and a beta of 1.58.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The firm had revenue of $596.10 million during the quarter, compared to the consensus estimate of $633.68 million. During the same period in the prior year, the firm earned $0.84 EPS. The business’s revenue was down 9.3% on a year-over-year basis. Analysts expect that Wabash National will post 2.19 EPS for the current year.

Insider Transactions at Wabash National

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

Hedge Funds Weigh In On Wabash National

Institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. bought a new position in Wabash National during the 3rd quarter valued at about $1,595,000. AQR Capital Management LLC lifted its holdings in Wabash National by 12.7% during the 3rd quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock valued at $11,559,000 after purchasing an additional 61,887 shares during the last quarter. American Century Companies Inc. lifted its holdings in Wabash National by 99.0% during the 3rd quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock valued at $5,582,000 after purchasing an additional 131,512 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Wabash National by 143.4% during the 3rd quarter. Quantbot Technologies LP now owns 38,185 shares of the company’s stock valued at $806,000 after purchasing an additional 22,495 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Wabash National by 9.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after purchasing an additional 49,443 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Company Profile

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.