Wabash National Corporation (NYSE:WNC) Shares Bought by US Bancorp DE

US Bancorp DE raised its stake in Wabash National Corporation (NYSE:WNC) by 2,057.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,885 shares of the company’s stock after buying an additional 11,334 shares during the quarter. US Bancorp DE’s holdings in Wabash National were worth $131,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in shares of Wabash National by 255.9% during the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company’s stock worth $26,000 after purchasing an additional 1,722 shares in the last quarter. Allworth Financial LP increased its stake in shares of Wabash National by 268.8% during the first quarter. Allworth Financial LP now owns 3,220 shares of the company’s stock worth $34,000 after buying an additional 2,347 shares during the period. Curat Global LLC purchased a new stake in shares of Wabash National during the first quarter worth approximately $37,000. CWM LLC increased its stake in shares of Wabash National by 1,520.7% during the first quarter. CWM LLC now owns 5,235 shares of the company’s stock worth $58,000 after buying an additional 4,912 shares during the period. Finally, GAMMA Investing LLC increased its stake in Wabash National by 982.1% in the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $85,000 after purchasing an additional 6,973 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson increased their price target on shares of Wabash National from $7.50 to $9.50 and gave the company a “neutral” rating in a research note on Monday, June 23rd.

Wabash National Price Performance

Shares of NYSE WNC opened at $10.69 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.68 and a quick ratio of 1.00. The stock has a fifty day moving average price of $10.45 and a 200 day moving average price of $10.60. Wabash National Corporation has a 1-year low of $6.78 and a 1-year high of $20.63. The company has a market cap of $437.65 million, a PE ratio of -4.42 and a beta of 1.65.

Wabash National (NYSE:WNC) last released its earnings results on Friday, July 25th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.16. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%. The company had revenue of $458.82 million during the quarter, compared to the consensus estimate of $435.75 million. During the same quarter last year, the company earned $0.64 earnings per share. Wabash National’s quarterly revenue was down 16.7% compared to the same quarter last year. Sell-side analysts forecast that Wabash National Corporation will post 0.94 EPS for the current year.

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.