The stock of Wabash National Corporation (NYSE:WNC) is a huge mover today! About 473,330 shares traded hands. Wabash National Corporation (NYSE:WNC) has risen 21.40% since February 29, 2016 and is uptrending. It has outperformed by 9.18% the S&P500.
The move comes after 6 months positive chart setup for the $907.03 million company. It was reported on Oct, 3 by Barchart.com. We have $23.64 PT which if reached, will make NYSE:WNC worth $589.57M more.
Analysts await Wabash National Corporation (NYSE:WNC) to report earnings on October, 25. They expect $0.48 EPS, up 2.13% or $0.01 from last year’s $0.47 per share. WNC’s profit will be $30.38M for 7.46 P/E if the $0.48 EPS becomes a reality. After $0.55 actual EPS reported by Wabash National Corporation for the previous quarter, Wall Street now forecasts -12.73% negative EPS growth.
Wabash National Corporation (NYSE:WNC) Ratings Coverage
Out of 5 analysts covering Wabash National Corp (NYSE:WNC), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. Wabash National Corp has been the topic of 7 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The stock of Wabash National Corporation (NYSE:WNC) earned “Sell” rating by Stifel Nicolaus on Tuesday, June 14. CLSA initiated the stock with “Underperform” rating in Friday, September 30 report. Global Hunter Securities upgraded the stock to “Buy” rating in Monday, September 28 report. The firm earned “Hold” rating on Tuesday, December 8 by Stifel Nicolaus.
According to Zacks Investment Research, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.06, from 1.04 in 2016Q1. The ratio worsened, as 19 funds sold all Wabash National Corporation shares owned while 79 reduced positions. 22 funds bought stakes while 74 increased positions. They now own 72.98 million shares or 6.22% more from 68.71 million shares in 2016Q1.
Moreover, Loomis Sayles & Com Limited Partnership has 0% invested in Wabash National Corporation (NYSE:WNC) for 747 shares. Financial Bank Of Montreal Can has 0% invested in the company for 61,114 shares. Salem Investment Counselors holds 0.23% of its portfolio in Wabash National Corporation (NYSE:WNC) for 149,200 shares. Alphamark Advsrs Ltd Liability Co last reported 0.49% of its portfolio in the stock. Ifrah Fincl Svcs has 36,617 shares for 0.19% of their US portfolio. Lucus Advisors Ltd Liability accumulated 27,784 shares or 0.29% of the stock. State Board Of Administration Of Florida Retirement, a Florida-based fund reported 144,248 shares. Royal Savings Bank Of Canada reported 71,885 shares or 0% of all its holdings. Gsa Capital Prtn Ltd Liability Partnership last reported 38,437 shares in the company. Moreover, Convergence Invest Prtn Ltd Liability Com has 0.18% invested in Wabash National Corporation (NYSE:WNC) for 104,638 shares. Guggenheim Cap Limited Liability Corporation holds 87,830 shares or 0% of its portfolio. Perritt Capital Mngmt owns 11,900 shares or 0.04% of their US portfolio. Pillar Pacific Capital Management Lc holds 0.05% or 25,300 shares in its portfolio. Millennium Limited Company holds 414,623 shares or 0.01% of its portfolio. Engineers Gate Manager Lp holds 128,351 shares or 0.12% of its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 3 selling transactions for $688,057 net activity. Yeagy Brent L also sold $320,669 worth of Wabash National Corporation (NYSE:WNC) on Tuesday, May 24. 18,150 shares were sold by Roth Erin Jennifer, worth $258,638.
More notable recent Wabash National Corporation (NYSE:WNC) news were published by: Globenewswire.com which released: “Wabash National Corporation Signs Exclusive Agreement with EconCore N.V. to …” on September 20, 2016, also Globenewswire.com with their article: “Wabash National Corporation Recognizes Outstanding Suppliers at Annual Conference” published on September 23, 2016, Prnewswire.com published: “EnerSys to Join S&P MidCap 400; Wabash National to Join S&P SmallCap 600” on August 23, 2016. More interesting news about Wabash National Corporation (NYSE:WNC) were released by: Fool.com and their article: “Why Shares of Wabash National Corporation Fell Today” published on June 14, 2016 as well as Seekingalpha.com‘s news article titled: “Wabash National Corp. Is A Trucking Gem In The Rough” with publication date: August 11, 2016.
WNC Company Profile
Wabash National Corporation, incorporated on September 13, 1991, is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s divisions include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations. The Commercial Trailer Products segment produces and sells new trailers to the Retail segment and to clients who purchase trailers directly from the Company or through independent dealers. The Diversified Products segment focuses to expand its customer base, and diversify its product offerings and revenues. The Retail segment includes the sale of new and used trailers, as well as the sale of after-market parts and service, through its retail branch network.
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