Mackenzie Financial Corp Has $21.53 Million Holdings in Wabash National Corporation (WNC)
Mackenzie Financial Corp decreased its holdings in shares of Wabash National Corporation (NYSE:WNC) by 3.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 943,584 shares of the company’s stock after selling 35,700 shares during the period. Mackenzie Financial Corp owned 1.60% of Wabash National worth $21,533,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Hikari Power Ltd bought a new position in shares of Wabash National during the second quarter valued at approximately $209,000. US Bancorp DE grew its holdings in shares of Wabash National by 246.9% during the second quarter. US Bancorp DE now owns 9,757 shares of the company’s stock valued at $215,000 after buying an additional 6,944 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Wabash National during the second quarter valued at approximately $235,000. ETRADE Capital Management LLC purchased a new stake in shares of Wabash National during the second quarter valued at approximately $257,000. Finally, ARP Americas LLC purchased a new stake in shares of Wabash National during the second quarter valued at approximately $264,000.
Wabash National Corporation (NYSE:WNC) traded down $0.39 during trading hours on Thursday, hitting $20.30. 640,100 shares of the stock were exchanged, compared to its average volume of 962,845. Wabash National Corporation has a 1 year low of $14.39 and a 1 year high of $24.16. The company has a current ratio of 2.03, a quick ratio of 1.18 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1,220.26, a PE ratio of 14.78, a price-to-earnings-growth ratio of 0.71 and a beta of 1.68.
Wabash National (NYSE:WNC) last issued its earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Wabash National had a return on equity of 18.42% and a net margin of 5.05%. The company had revenue of $425.10 million during the quarter, compared to analysts’ expectations of $449.05 million. During the same quarter in the prior year, the business posted $0.50 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. sell-side analysts forecast that Wabash National Corporation will post 1.37 EPS for the current year.
A number of equities research analysts have recently commented on WNC shares. ValuEngine upgraded shares of Wabash National from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BMO Capital Markets reiterated a “hold” rating on shares of Wabash National in a report on Monday, October 23rd. Zacks Investment Research cut shares of Wabash National from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Stifel Nicolaus cut their price target on shares of Wabash National from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Monday, November 6th. Finally, Craig Hallum reiterated a “buy” rating and set a $27.00 price target on shares of Wabash National in a report on Friday, October 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.86.
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About Wabash National
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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