Virginia Retirement Systems ET AL bought a new stake in Wabash National Corp. (NYSE:WNC) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 95,600 shares of the company’s stock, valued at approximately $1,214,000. Virginia Retirement Systems ET AL owned approximately 0.15% of Wabash National Corp. at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in WNC. Goldman Sachs Group Inc. boosted its stake in Wabash National Corp. by 2.2% in the first quarter. Goldman Sachs Group Inc. now owns 921,737 shares of the company’s stock valued at $12,167,000 after buying an additional 20,134 shares in the last quarter. UBS Group AG boosted its stake in Wabash National Corp. by 1.8% in the first quarter. UBS Group AG now owns 201,913 shares of the company’s stock valued at $2,666,000 after buying an additional 3,564 shares in the last quarter. Nordea Investment Management AB boosted its stake in Wabash National Corp. by 275.2% in the second quarter. Nordea Investment Management AB now owns 46,814 shares of the company’s stock valued at $595,000 after buying an additional 34,338 shares in the last quarter. Smith Asset Management Group LP boosted its stake in Wabash National Corp. by 2.6% in the second quarter. Smith Asset Management Group LP now owns 263,428 shares of the company’s stock valued at $3,346,000 after buying an additional 6,790 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in Wabash National Corp. during the second quarter valued at about $13,342,000.
Wabash National Corp. (NYSE:WNC) opened at 14.212 on Friday. The stock has a market cap of $908.40 million, a PE ratio of 7.441 and a beta of 2.11. The stock has a 50 day moving average price of $13.80 and a 200-day moving average price of $13.49. Wabash National Corp. has a one year low of $9.68 and a one year high of $14.97.
Wabash National Corp. (NYSE:WNC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.08. Wabash National Corp. had a net margin of 6.43% and a return on equity of 28.98%. The company earned $471.44 million during the quarter, compared to the consensus estimate of $490.19 million. During the same period last year, the firm earned $0.33 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts expect that Wabash National Corp. will post $1.86 earnings per share for the current fiscal year.
Several research firms have weighed in on WNC. Stifel Nicolaus cut Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 price target for the company. in a report on Monday, June 13th. Zacks Investment Research cut Wabash National Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 30th. Finally, Credit Agricole SA began coverage on Wabash National Corp. in a report on Friday. They set an “underperform” rating for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.40.
In other news, SVP Erin Jennifer Roth sold 7,500 shares of Wabash National Corp. stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $14.50, for a total transaction of $108,750.00. Following the completion of the sale, the senior vice president now directly owns 87,520 shares in the company, valued at approximately $1,269,040. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.
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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