Wabash National (NYSE:WNC) Upgraded by StockNews.com to Buy

Wabash National (NYSE:WNC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Wabash National Stock Performance

NYSE WNC opened at $25.90 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.17. Wabash National has a 1 year low of $20.09 and a 1 year high of $30.07. The company has a market capitalization of $1.17 billion, a PE ratio of 5.38 and a beta of 1.58. The company has a fifty day moving average of $27.41 and a two-hundred day moving average of $24.78.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.18. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The company had revenue of $596.10 million during the quarter, compared to the consensus estimate of $633.68 million. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Wabash National’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, analysts expect that Wabash National will post 2.19 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the sale, the director now owns 114,146 shares in the company, valued at $3,024,869. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the sale, the director now owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Wabash National

Hedge funds have recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in Wabash National in the fourth quarter valued at about $36,000. Quadrant Capital Group LLC lifted its position in shares of Wabash National by 61.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after acquiring an additional 565 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Wabash National during the 1st quarter valued at approximately $26,000. Quarry LP lifted its position in shares of Wabash National by 451.5% during the 1st quarter. Quarry LP now owns 2,002 shares of the company’s stock valued at $49,000 after acquiring an additional 1,639 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Wabash National by 198.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $63,000 after acquiring an additional 1,984 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Company Profile

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.