Capital Fund Management S.A. bought a new position in shares of Wabash National Corporation (NYSE:WNC) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 212,287 shares of the company’s stock, valued at approximately $4,666,000. Capital Fund Management S.A. owned 0.36% of Wabash National Corporation at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Wabash National Corporation by 45,576.6% during the 1st quarter. BlackRock Inc. now owns 7,334,294 shares of the company’s stock worth $151,748,000 after buying an additional 7,318,237 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Wabash National Corporation by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,779,501 shares of the company’s stock worth $98,886,000 after buying an additional 139,026 shares during the period. Royce & Associates LP lifted its holdings in Wabash National Corporation by 17.9% during the 2nd quarter. Royce & Associates LP now owns 3,708,103 shares of the company’s stock worth $81,504,000 after buying an additional 563,247 shares during the period. LSV Asset Management lifted its holdings in Wabash National Corporation by 1.0% during the 2nd quarter. LSV Asset Management now owns 3,405,545 shares of the company’s stock worth $74,853,000 after buying an additional 32,200 shares during the period. Finally, Rothschild Asset Management Inc. lifted its holdings in Wabash National Corporation by 5.5% during the 2nd quarter. Rothschild Asset Management Inc. now owns 1,695,433 shares of the company’s stock worth $37,266,000 after buying an additional 89,096 shares during the period.
Wabash National Corporation (NYSE WNC) opened at 20.50 on Tuesday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 13.22 and a beta of 1.78. Wabash National Corporation has a 52-week low of $10.74 and a 52-week high of $24.16. The stock has a 50 day moving average price of $20.33 and a 200 day moving average price of $21.00.
Wabash National Corporation (NYSE:WNC) last posted its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.05. The firm had revenue of $435.90 million for the quarter, compared to analysts’ expectations of $436.85 million. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. Equities research analysts forecast that Wabash National Corporation will post $1.46 earnings per share for the current year.
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Several brokerages have commented on WNC. ValuEngine raised Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Wabash National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. BidaskClub raised Wabash National Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Aegis lifted their target price on Wabash National Corporation from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, Craig Hallum raised Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.57.
About Wabash National Corporation
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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