Wabash National (WNC) Given Hold Rating at Stifel Nicolaus

Wabash National (NYSE:WNC)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a research report issued on Friday. They presently have a $25.00 price target on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 9.84% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Sunday, January 21st. BMO Capital Markets reiterated a “hold” rating on shares of Wabash National in a report on Monday, October 23rd. Seaport Global Securities reiterated a “neutral” rating on shares of Wabash National in a report on Tuesday, January 16th. OTR Global downgraded shares of Wabash National to a “positive” rating in a report on Thursday, December 14th. Finally, ValuEngine upgraded shares of Wabash National from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.00.

Shares of Wabash National (NYSE:WNC) traded down $0.24 during trading on Friday, hitting $22.76. 279,526 shares of the stock traded hands, compared to its average volume of 1,069,362. The stock has a market cap of $1,430.81, a PE ratio of 12.95, a PEG ratio of 0.57 and a beta of 1.73. Wabash National has a 1-year low of $18.25 and a 1-year high of $26.54. The company has a quick ratio of 1.39, a current ratio of 2.03 and a debt-to-equity ratio of 1.00.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The business had revenue of $543.40 million for the quarter, compared to analysts’ expectations of $517.96 million. Wabash National had a net margin of 6.31% and a return on equity of 17.69%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. equities research analysts expect that Wabash National will post 1.97 EPS for the current fiscal year.

In other Wabash National news, CEO Richard J. Giromini sold 58,300 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $25.04, for a total value of $1,459,832.00. Following the completion of the sale, the chief executive officer now directly owns 803,680 shares of the company’s stock, valued at approximately $20,124,147.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors raised its stake in shares of Wabash National by 146.3% during the 2nd quarter. Nationwide Fund Advisors now owns 107,474 shares of the company’s stock worth $2,362,000 after acquiring an additional 63,830 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Wabash National by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock valued at $689,000 after purchasing an additional 156 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Wabash National by 15.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 15,497 shares of the company’s stock valued at $341,000 after purchasing an additional 2,100 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Wabash National by 4.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 286,631 shares of the company’s stock valued at $6,300,000 after purchasing an additional 11,634 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Wabash National by 106.6% during the 2nd quarter. Voya Investment Management LLC now owns 121,459 shares of the company’s stock valued at $2,670,000 after purchasing an additional 62,668 shares in the last quarter.

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About Wabash National

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.

Analyst Recommendations for Wabash National (NYSE:WNC)

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