Wabash National (NYSE:WNC) Upgraded by Wall Street Zen to Sell Rating

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

Several other research firms have also recently issued reports on WNC. Weiss Ratings cut shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. DA Davidson upgraded shares of Wabash National from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Wabash National currently has a consensus rating of “Hold” and an average price target of $14.50.

Wabash National Trading Down 0.2%

Shares of Wabash National stock opened at $11.34 on Friday. The company’s 50-day moving average price is $8.37 and its 200-day moving average price is $9.22. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 1.55. Wabash National has a 12-month low of $6.63 and a 12-month high of $12.94. The company has a market cap of $461.16 million, a price-to-earnings ratio of -7.09 and a beta of 1.55.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Friday, May 1st. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.01) by ($0.16). The firm had revenue of $303.23 million for the quarter, compared to analysts’ expectations of $319.03 million. Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. Wabash National’s revenue was down 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.58) EPS. On average, equities analysts expect that Wabash National will post -1.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wabash National

A number of institutional investors and hedge funds have recently bought and sold shares of WNC. Royal Bank of Canada lifted 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 valued at $339,000 after purchasing an additional 14,912 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Wabash National by 59.1% in the 1st quarter. AQR Capital Management LLC now owns 224,734 shares of the company’s stock worth $2,483,000 after buying an additional 83,473 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Wabash National by 864.3% in 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 stake in shares of Wabash National during the 1st quarter valued at $166,000. Finally, Empowered Funds LLC raised its position in shares of Wabash National by 4.2% during the 1st quarter. Empowered Funds LLC now owns 202,429 shares of the company’s stock valued at $2,237,000 after buying an additional 8,205 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Company Profile

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.