Wabash National (NYSE:WNC) Upgraded at StockNews.com

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

Wabash National Stock Up 1.3 %

WNC stock opened at $25.36 on Thursday. Wabash National has a twelve month low of $20.09 and a twelve month high of $30.07. The company has a quick ratio of 1.17, a current ratio of 1.93 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.15 billion, a PE ratio of 5.27 and a beta of 1.58. The business has a 50 day moving average of $27.40 and a 200 day moving average of $24.81.

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

Insider Buying and Selling at Wabash National

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

Hedge Funds Weigh In On Wabash National

A number of institutional investors and hedge funds have recently modified their holdings of WNC. Quantbot Technologies LP purchased a new position in shares of Wabash National in the 1st quarter worth $26,000. Gladius Capital Management LP purchased a new position in shares of Wabash National in the 4th quarter worth $36,000. Quadrant Capital Group LLC boosted its stake in shares of Wabash National by 61.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $38,000 after buying an additional 565 shares during the last quarter. Tradewinds Capital Management LLC purchased a new position in shares of Wabash National in the 1st quarter worth $48,000. Finally, Quarry LP boosted its stake in shares of Wabash National by 451.5% in the 1st quarter. Quarry LP now owns 2,002 shares of the company’s stock worth $49,000 after buying an additional 1,639 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

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.