Wabash National Corp. Insider Sells $46,600 in Stock (WNC)
Wabash National Corp. (NYSE:WNC) Insider Brent Yeagy sold 4,000 shares of Wabash National Corp. stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $11.65, for a total transaction of $46,600.00. Following the completion of the sale, the insider now directly owns 20,450 shares in the company, valued at approximately $238,243. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on WNC. Analysts at Stephens downgraded shares of Wabash National Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. Separately, analysts at BMO Capital Markets raised their price target on shares of Wabash National Corp. from $13.00 to $14.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Craig Hallum downgraded shares of Wabash National Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $13.00 price target on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Wabash National Corp. has a consensus rating of “Buy” and a consensus price target of $13.70.
Shares of Wabash National Corp. (NYSE:WNC) traded up 1.47% during mid-day trading on Monday, hitting $11.77. 889,918 shares of the company’s stock traded hands. Wabash National Corp. has a 52 week low of $6.94 and a 52 week high of $12.91. The stock’s 50-day moving average is $11.88 and its 200-day moving average is $10.60. The company has a market cap of $806.4 million and a price-to-earnings ratio of 6.92.
Wabash National Corp. (NYSE:WNC) last announced its earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.01. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $453.88 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that Wabash National Corp. will post $0.77 EPS for the current fiscal year.
Wabash National Corporation (NYSE:WNC) is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment.
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