Vident Investment Advisory LLC lowered its stake in shares of Wabash National Corporation (NYSE:WNC) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,560 shares of the company’s stock after selling 14,512 shares during the period. Vident Investment Advisory LLC owned 0.21% of Wabash National worth $2,797,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Aperio Group LLC grew its stake in Wabash National by 7.2% in the 2nd quarter. Aperio Group LLC now owns 38,085 shares of the company’s stock valued at $837,000 after buying an additional 2,573 shares in the last quarter. US Bancorp DE grew its stake in Wabash National by 246.9% in the 2nd 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 in the last quarter. Great West Life Assurance Co. Can grew its stake in Wabash National by 2.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 89,890 shares of the company’s stock valued at $1,976,000 after buying an additional 2,200 shares in the last quarter. Texas Permanent School Fund grew its stake in Wabash National by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 43,912 shares of the company’s stock valued at $965,000 after buying an additional 500 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Wabash National by 24.5% in the 2nd quarter. Sei Investments Co. now owns 339,412 shares of the company’s stock valued at $7,460,000 after buying an additional 66,771 shares in the last quarter.
Shares of Wabash National Corporation (NYSE:WNC) traded down $0.20 during trading hours on Monday, reaching $20.21. 507,000 shares of the company’s stock traded hands, compared to its average volume of 959,393. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.18 and a current ratio of 2.03. Wabash National Corporation has a 1 year low of $14.97 and a 1 year high of $24.16. The company has a market cap of $1,191.95, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 0.69 and a beta of 1.68.
Wabash National (NYSE:WNC) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Wabash National had a net margin of 5.05% and a return on equity of 18.42%. The firm had revenue of $425.10 million during the quarter, compared to the consensus estimate of $449.05 million. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. sell-side analysts forecast that Wabash National Corporation will post 1.37 earnings per share for the current fiscal year.
WNC has been the subject of a number of recent research reports. Craig Hallum reiterated a “buy” rating and issued a $27.00 price objective on shares of Wabash National in a research note on Friday, October 6th. Stifel Nicolaus reduced their price objective on shares of Wabash National from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. ValuEngine lowered shares of Wabash National from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, September 27th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Wabash National in a report on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. 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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