Wabash National Corp. (WNC) Shares Bought by Nordea Investment Management AB
Nordea Investment Management AB boosted its position in shares of Wabash National Corp. (NYSE:WNC) by 275.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,814 shares of the company’s stock after buying an additional 34,338 shares during the period. Nordea Investment Management AB’s holdings in Wabash National Corp. were worth $595,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of WNC. Goldman Sachs Group Inc. increased its stake in Wabash National Corp. by 2.2% in the first quarter. Goldman Sachs Group Inc. now owns 921,737 shares of the company’s stock worth $12,167,000 after buying an additional 20,134 shares during the period. UBS Group AG increased its stake in Wabash National Corp. by 1.8% in the first quarter. UBS Group AG now owns 201,913 shares of the company’s stock worth $2,666,000 after buying an additional 3,564 shares during the period. CIBC World Markets Inc. acquired a new stake in Wabash National Corp. during the first quarter worth approximately $1,583,000. HBK Investments L P acquired a new stake in Wabash National Corp. during the first quarter worth approximately $235,000. Finally, ING Groep NV acquired a new stake in Wabash National Corp. during the first quarter worth approximately $197,000.
Wabash National Corp. (NYSE:WNC) traded down 0.37% on Friday, hitting $13.49. The stock had a trading volume of 783,645 shares. The stock has a 50-day moving average of $13.79 and a 200-day moving average of $13.36. The company has a market cap of $862.25 million, a PE ratio of 7.06 and a beta of 2.11. Wabash National Corp. has a one year low of $9.68 and a one year high of $14.97.
Wabash National Corp. (NYSE:WNC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.08. The business had revenue of $471.44 million for the quarter, compared to analyst estimates of $490.19 million. Wabash National Corp. had a return on equity of 28.98% and a net margin of 6.43%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. Equities analysts expect that Wabash National Corp. will post $1.86 earnings per share for the current fiscal year.
A number of research firms have commented on WNC. Stifel Nicolaus downgraded Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 target price for the company. in a report on Monday, June 13th. Zacks Investment Research downgraded Wabash National Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.20.
In related news, SVP Erin Jennifer Roth sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $14.50, for a total transaction of $108,750.00. Following the sale, the senior vice president now directly owns 87,520 shares of the company’s stock, valued at approximately $1,269,040. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.
About Wabash National Corp.
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations.
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