Wabash National (NYSE:WNC) Lowered to “Strong Sell” Rating by Wall Street Zen

Wabash National (NYSE:WNC) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research note issued to investors on Saturday.

WNC has been the subject of a number of other research reports. Weiss Ratings upgraded Wabash National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. DA Davidson reissued a “neutral” rating and issued a $11.00 price objective on shares of Wabash National in a research report on Thursday. Finally, Zacks Research raised shares of Wabash National from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Wabash National presently has an average rating of “Hold” and an average price target of $10.00.

Wabash National Trading Up 1.1%

Shares of WNC opened at $11.60 on Friday. Wabash National has a 1-year low of $6.78 and a 1-year high of $12.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.39 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $10.21 and a 200-day simple moving average of $9.81. The stock has a market cap of $469.23 million, a price-to-earnings ratio of 2.38 and a beta of 1.67.

Wabash National (NYSE:WNC) last announced its earnings results on Wednesday, February 4th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.16). Wabash National had a net margin of 13.71% and a negative return on equity of 22.79%. The company had revenue of $321.45 million for the quarter, compared to analyst estimates of $318.32 million. During the same quarter last year, the company posted ($0.02) EPS. Wabash National’s quarterly revenue was down 22.9% compared to the same quarter last year. Equities analysts forecast that Wabash National will post 0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Wabash National

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its position in Wabash National by 93.9% during the first quarter. Royal Bank of Canada now owns 30,789 shares of the company’s stock worth $339,000 after purchasing an additional 14,912 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Wabash National by 59.1% during the 1st quarter. AQR Capital Management LLC now owns 224,734 shares of the company’s stock valued at $2,483,000 after buying an additional 83,473 shares during the period. Millennium Management LLC increased its holdings in shares of Wabash National by 864.3% during the 1st quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock worth $5,078,000 after buying an additional 411,889 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Wabash National in the 1st quarter worth $166,000. Finally, Empowered Funds LLC boosted its holdings in Wabash National by 4.2% in the first quarter. Empowered Funds LLC now owns 202,429 shares of the company’s stock valued at $2,237,000 after acquiring an additional 8,205 shares during the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

About Wabash National

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.