Wabash National (NYSE:WNC) Lowered to “Strong Sell” Rating by Wall Street Zen

Wabash National (NYSE:WNC) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Sunday.

A number of other brokerages have also recently commented on WNC. Weiss Ratings cut Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. DA Davidson upgraded shares of Wabash National from a “neutral” rating to a “buy” rating and boosted their price target for the company from $8.50 to $20.00 in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Wabash National currently has an average rating of “Hold” and a consensus target price of $14.50.

Wabash National Price Performance

Shares of WNC traded up $0.56 during midday trading on Friday, hitting $12.92. 578,175 shares of the company traded hands, compared to its average volume of 988,963. The stock has a 50-day moving average of $9.58 and a 200-day moving average of $9.61. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.33 and a quick ratio of 0.77. The firm has a market cap of $525.42 million, a P/E ratio of -8.07 and a beta of 1.43. Wabash National has a one year low of $6.63 and a one year high of $14.32.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Friday, May 1st. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.01) by ($0.16). Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The business had revenue of $303.23 million during the quarter, compared to analysts’ expectations of $319.03 million. During the same period in the previous year, the business earned ($0.58) EPS. The business’s revenue was down 20.4% on a year-over-year basis. As a group, sell-side analysts predict that Wabash National will post -1.75 EPS for the current fiscal year.

Institutional Trading of Wabash National

Several institutional investors have recently made changes to their positions in WNC. JPMorgan Chase & Co. increased its holdings in Wabash National by 210.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 122,311 shares of the company’s stock worth $1,207,000 after acquiring an additional 82,879 shares in the last quarter. Polaris Capital Management LLC grew its position in shares of Wabash National by 88.2% in the fourth quarter. Polaris Capital Management LLC now owns 144,670 shares of the company’s stock valued at $1,251,000 after purchasing an additional 67,800 shares in the last quarter. Womack Financial LLC grew its holdings in Wabash National by 45.9% in the 4th quarter. Womack Financial LLC now owns 195,741 shares of the company’s stock valued at $1,693,000 after buying an additional 61,561 shares in the last quarter. Pullen Investment Management LLC acquired a new stake in Wabash National during the first quarter worth about $1,846,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Wabash National by 104.3% during the 4th quarter. GSA Capital Partners LLP now owns 143,594 shares of the company’s stock worth $1,242,000 after buying an additional 73,325 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Company Profile

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.