Wabash National (NYSE:WNC) Cut to “Hold” at StockNews.com

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

Wabash National Stock Performance

NYSE:WNC opened at $24.61 on Friday. The company has a market capitalization of $1.11 billion, a PE ratio of 5.92 and a beta of 1.58. The company has a 50 day simple moving average of $27.26 and a two-hundred day simple moving average of $24.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 1.87. Wabash National has a fifty-two week low of $20.09 and a fifty-two week high of $30.07.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The firm had revenue of $515.28 million for the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%. Research analysts anticipate that Wabash National will post 2.19 earnings per share for the current year.

Insider Buying and Selling 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 stock was 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 in the company, valued at approximately $172,805.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’s stock in a transaction on 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 in the company, valued at $172,805.16. The disclosure for this sale can be found here. Insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WNC. Gladius Capital Management LP bought a new stake in Wabash National during the fourth quarter worth $36,000. Quadrant Capital Group LLC grew its holdings in Wabash National by 61.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $38,000 after buying an additional 565 shares in the last quarter. Tradewinds Capital Management LLC bought a new stake in Wabash National during the first quarter worth $48,000. EMC Capital Management bought a new stake in Wabash National during the third quarter worth $129,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Wabash National by 124.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,365 shares of the company’s stock worth $200,000 after buying an additional 5,192 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

About Wabash National

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.