Wabash National (NYSE:WNC) Stock Rating Lowered by StockNews.com

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

Wabash National Stock Up 2.5 %

Shares of WNC stock traded up $0.61 during trading on Friday, hitting $24.61. 733,698 shares of the company were exchanged, compared to its average volume of 613,756. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 1.87. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 5.92 and a beta of 1.58. The business’s 50-day simple moving average is $27.26 and its 200 day simple moving average is $24.93. Wabash National has a twelve month low of $20.09 and a twelve month high of $30.07.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Wabash National had a return on equity of 37.84% and a net margin of 8.15%. The firm had revenue of $515.28 million during the quarter. As a group, analysts forecast that Wabash National will post 2.19 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. acquired a new position in Wabash National during the 3rd quarter worth about $1,595,000. AQR Capital Management LLC lifted its position in Wabash National by 12.7% during the 3rd quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock valued at $11,559,000 after purchasing an additional 61,887 shares during the period. American Century Companies Inc. lifted its position in Wabash National by 99.0% during the 3rd quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock valued at $5,582,000 after purchasing an additional 131,512 shares during the period. Quantbot Technologies LP lifted its position in Wabash National by 143.4% during the 3rd quarter. Quantbot Technologies LP now owns 38,185 shares of the company’s stock valued at $806,000 after purchasing an additional 22,495 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Wabash National by 9.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after purchasing an additional 49,443 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

About Wabash National

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.