Wabash National (NYSE:WNC) Downgraded by StockNews.com to Hold

Wabash National (NYSE:WNC - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday.

Wabash National Stock Down 3.6 %

Shares of NYSE:WNC traded down $1.02 during trading on Wednesday, hitting $27.50. 455,777 shares of the company's stock traded hands, compared to its average volume of 609,327. Wabash National has a 52 week low of $20.09 and a 52 week high of $30.07. The company has a current ratio of 1.93, a quick ratio of 1.17 and a debt-to-equity ratio of 0.72. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 5.72 and a beta of 1.58. The company has a 50-day moving average price of $27.39 and a 200-day moving average price of $24.59.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.18. The business had revenue of $596.10 million for the quarter, compared to analysts' expectations of $633.68 million. Wabash National had a return on equity of 46.87% and a net margin of 9.12%. Wabash National's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. As a group, research analysts forecast that Wabash National will post 2.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares of the company's stock, valued at approximately $172,805.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the company's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the transaction, the director now directly owns 114,146 shares of the company's stock, valued at approximately $3,024,869. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the transaction, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The disclosure for this sale can be found here. 1.13% of the stock is owned by insiders.

Institutional Trading of Wabash National

A number of institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. lifted its position in shares of Wabash National by 12.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 84,807 shares of the company's stock valued at $2,173,000 after acquiring an additional 9,294 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Wabash National during the 4th quarter valued at $3,010,000. Goldman Sachs Group Inc. lifted its position in shares of Wabash National by 30.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 517,085 shares of the company's stock worth $13,248,000 after buying an additional 119,250 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Wabash National by 19.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,002 shares of the company's stock worth $384,000 after buying an additional 2,440 shares during the last quarter. Finally, Virtus Investment Advisers Inc. lifted its position in shares of Wabash National by 305.0% during the 4th quarter. Virtus Investment Advisers Inc. now owns 26,424 shares of the company's stock worth $677,000 after buying an additional 19,900 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.

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