Capstone Asset Management Co. acquired a new stake in Wabash National Corp. (NYSE:WNC) during the third quarter, Holdings Channel reports. The firm acquired 15,072 shares of the company’s stock, valued at approximately $215,000.
Other large investors have also recently made changes to their positions in the company. Aperio Group LLC raised its stake in shares of Wabash National Corp. by 6.0% in the first quarter. Aperio Group LLC now owns 40,772 shares of the company’s stock valued at $538,000 after buying an additional 2,313 shares during the period. BlackRock Group LTD raised its stake in shares of Wabash National Corp. by 9.7% in the first quarter. BlackRock Group LTD now owns 96,889 shares of the company’s stock valued at $1,279,000 after buying an additional 8,591 shares during the period. Landscape Capital Management L.L.C. raised its stake in shares of Wabash National Corp. by 99.3% in the first quarter. Landscape Capital Management L.L.C. now owns 85,900 shares of the company’s stock valued at $1,134,000 after buying an additional 42,800 shares during the period. ING Groep NV purchased a new stake in shares of Wabash National Corp. during the first quarter valued at $197,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Wabash National Corp. during the first quarter valued at $3,934,000.
Shares of Wabash National Corp. (NYSE:WNC) traded up 0.51% on Wednesday, hitting $13.84. The stock had a trading volume of 476,310 shares. The stock has a market capitalization of $884.63 million, a P/E ratio of 7.25 and a beta of 2.09. The firm has a 50-day moving average price of $13.94 and a 200-day moving average price of $13.57. Wabash National Corp. has a 52 week low of $9.68 and a 52 week high of $14.97.
Wabash National Corp. (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. The firm had revenue of $471.44 million for the quarter, compared to the consensus estimate of $490.19 million. Wabash National Corp. had a return on equity of 28.98% and a net margin of 6.43%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. 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 weighed in on WNC. Zacks Investment Research lowered Wabash National Corp. from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 16th. Credit Agricole SA began coverage on Wabash National Corp. in a report on Friday, September 30th. They set an “underperform” rating and a $15.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Wabash National Corp. currently has an average rating of “Hold” and an average price target of $13.67.
In other Wabash National Corp. news, SVP Erin Jennifer Roth sold 7,500 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $14.50, for a total value of $108,750.00. Following the transaction, the senior vice president now owns 87,520 shares of the company’s stock, valued at $1,269,040. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.
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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