Wabash National (NYSE:WNC) had its price target increased by stock analysts at BMO Capital Markets to $24.00 in a note issued to investors on Friday. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 3.76% from the stock’s current price.
A number of other analysts have also issued reports on the stock. OTR Global lowered shares of Wabash National to a “positive” rating in a research note on Thursday, December 14th. ValuEngine upgraded shares of Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Stifel Nicolaus reiterated a “hold” rating on shares of Wabash National in a research note on Friday, December 22nd. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $26.20.
Shares of Wabash National (WNC) traded down $1.13 during trading hours on Friday, reaching $23.13. 661,826 shares of the company’s stock were exchanged, compared to its average volume of 1,080,139. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.03 and a quick ratio of 1.39. The stock has a market capitalization of $1,390.00, a price-to-earnings ratio of 12.92, a PEG ratio of 0.58 and a beta of 1.73. Wabash National has a one year low of $18.25 and a one year high of $26.54.
In other news, CEO Richard J. Giromini sold 58,300 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total transaction of $1,459,832.00. Following the completion of the transaction, the chief executive officer now directly owns 803,680 shares of the company’s stock, valued at $20,124,147.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Royce & Associates LP grew its position in shares of Wabash National by 4.0% during the third quarter. Royce & Associates LP now owns 3,856,637 shares of the company’s stock worth $88,008,000 after buying an additional 148,534 shares in the last quarter. Rothschild Asset Management Inc. grew its position in shares of Wabash National by 5.6% during the third quarter. Rothschild Asset Management Inc. now owns 1,790,653 shares of the company’s stock worth $40,863,000 after buying an additional 95,220 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Wabash National by 16.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,636,788 shares of the company’s stock worth $35,519,000 after buying an additional 232,736 shares in the last quarter. State Street Corp grew its position in shares of Wabash National by 1.3% during the second quarter. State Street Corp now owns 1,620,394 shares of the company’s stock worth $35,616,000 after buying an additional 20,360 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its position in shares of Wabash National by 22.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,081,472 shares of the company’s stock worth $24,679,000 after buying an additional 196,494 shares in the last quarter.
Wabash National Company Profile
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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