Wabash National (WNC) Stock Rating Lowered by OTR Global

OTR Global lowered shares of Wabash National (NYSE:WNC) to a positive rating in a research note published on Thursday morning, The Fly reports.

A number of other equities research analysts have also recently weighed in on WNC. ValuEngine raised shares of Wabash National from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Stifel Nicolaus reissued a hold rating and issued a $22.00 price target on shares of Wabash National in a research report on Tuesday, September 12th. 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 research report on Wednesday, September 27th. Craig Hallum reissued a buy rating and issued a $27.00 price target on shares of Wabash National in a research report on Friday, October 6th. Finally, BMO Capital Markets reissued a hold rating on shares of Wabash National in a research report on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $23.83.

Shares of Wabash National (NYSE WNC) opened at $19.31 on Thursday. The stock has a market cap of $1,138.87, a price-to-earnings ratio of 13.79, a PEG ratio of 0.66 and a beta of 1.68. Wabash National has a 1 year low of $14.97 and a 1 year high of $24.16. 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 (NYSE:WNC) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Wabash National had a return on equity of 18.42% and a net margin of 5.05%. The firm had revenue of $425.10 million for the quarter, compared to analysts’ expectations of $449.05 million. During the same period last year, the firm posted $0.50 earnings per share. Wabash National’s revenue for the quarter was down 8.4% on a year-over-year basis. research analysts anticipate that Wabash National will post 1.37 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of WNC. Old Mutual Global Investors UK Ltd. increased its stake in Wabash National by 222.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 884,978 shares of the company’s stock valued at $19,451,000 after purchasing an additional 610,175 shares during the period. Royce & Associates LP increased its stake in Wabash National by 17.9% in the second quarter. Royce & Associates LP now owns 3,708,103 shares of the company’s stock valued at $81,504,000 after purchasing an additional 563,247 shares during the period. Victory Capital Management Inc. increased its stake in Wabash National by 33.7% in the second quarter. Victory Capital Management Inc. now owns 1,236,193 shares of the company’s stock valued at $27,171,000 after purchasing an additional 311,897 shares during the period. Capital Fund Management S.A. acquired a new position in Wabash National in the second quarter valued at $4,666,000. Finally, Goldman Sachs Group Inc. increased its stake in Wabash National by 56.4% in the second quarter. Goldman Sachs Group Inc. now owns 582,757 shares of the company’s stock valued at $12,809,000 after purchasing an additional 210,242 shares during the period.

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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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