Wabash National (NYSE:WNC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Wabash National (NYSE:WNC) from a strong sell rating to a sell rating in a research report report published on Saturday morning.

Several other equities research analysts have also issued reports on WNC. DA Davidson restated a “buy” rating and issued a $20.00 target price on shares of Wabash National in a report on Wednesday, July 22nd. Weiss Ratings downgraded shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Finally, Citizens Jmp initiated coverage on shares of Wabash National in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $25.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.00.

Wabash National Stock Performance

NYSE:WNC opened at $12.46 on Friday. The firm has a market capitalization of $507.70 million, a PE ratio of -6.46 and a beta of 1.44. The stock’s fifty day moving average is $11.40 and its 200 day moving average is $10.03. Wabash National has a fifty-two week low of $6.63 and a fifty-two week high of $14.32. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 1.31.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.03. Wabash National had a negative net margin of 5.48% and a negative return on equity of 36.59%. The company had revenue of $417.24 million during the quarter, compared to analyst estimates of $402.85 million. During the same period in the previous year, the firm earned ($0.15) earnings per share. Wabash National’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Wabash National will post -2.41 earnings per share for the current year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 2.6%. Wabash National’s dividend payout ratio (DPR) is presently -16.58%.

Institutional Investors Weigh In On Wabash National

Several large investors have recently added to or reduced their stakes in WNC. CANADA LIFE ASSURANCE Co purchased a new position in shares of Wabash National during the fourth quarter worth approximately $37,000. Quadrant Capital Group LLC boosted its holdings in shares of Wabash National by 515.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock valued at $47,000 after purchasing an additional 4,530 shares during the period. CWM LLC grew its stake in Wabash National by 82.6% in the fourth quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after purchasing an additional 2,758 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Wabash National by 104.4% in the third quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock worth $80,000 after purchasing an additional 4,129 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in Wabash National during the 3rd quarter worth $102,000. 97.05% of the stock is owned by hedge funds and other institutional investors.

About Wabash National

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.