Wabash National Corporation (NYSE:WNC) Earns Hold Rating from BMO Capital Markets

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27 July, 2017

Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.42. About 8,278 shares traded. It has underperformed by 3.88% the S&P500.

Wabash National Corporation (NYSE:WNC) had an increase of 7.78% in short interest. ALG's SI was 67,700 shares in July as released by FINRA. BlackRock Inc. now owns 7,334,294 shares of the company's stock valued at $151,748,000 after buying an additional 7,318,237 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Wabash National Corporation by 390.1% in the second quarter. The SI to Wabash National Corporation's float is 29.86%. It has outperformed by 42.98% the S&P500. On average, equities analysts anticipate that Wabash National Corporation will post $1.53 EPS for the current fiscal year.

Wabash National Corporation (NYSE:WNC) last posted its quarterly earnings data on Monday, April 24th. The stock has "Hold" rating by Stifel Nicolaus on Tuesday, December 8. The firm has "Underperform" rating given on Friday, September 30 by CLSA. Shareholders of record on Thursday, July 6th will be issued a dividend of $0.06 per share.

Shares of Wabash National Corporation (NYSE WNC) traded down 0.13% during mid-day trading on Monday, hitting $22.65. Piper Jaffray had a markedly different take on 02/02/2017, proposing that WNC is now considered Neutral versus prior Overweight rating.

Since February 3, 2017, it had 0 insider buys, and 6 insider sales for $3.36 million activity. Yeagy Brent L sold 19,680 shares worth $415,984.

On the other hand Wabash National Corp (NYSE:WNC) has Relative Strength Index (RSI 14) of 70.7 along with Average True Range (ATR 14) of 0.58. Another trade for 184 shares valued at $16,729 was sold by Rizzuti Edward. On Friday, February 10 the insider Magee Larry J sold $211,360. BidaskClub upgraded shares of Wabash National Corporation from a "sell" rating to a "hold" rating in a research note on Tuesday, June 13th. The stock has a market cap of $1.36 billion, a PE ratio of 13.14 and a beta of 1.81. The continued solid operating performance is attributable to the strong demand environment and operational improvements within the Commercial Trailer Products segment, as well as the sustained benefits from the company's growth and diversification strategies. 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.

Investors sentiment decreased to 0.87 in 2016 Q4. Its last month's stock price volatility remained 0.77% which for the week approaches 1.01%. It dived, as 36 investors sold Wabash National Corporation shares while 81 reduced holdings. 5 funds opened positions while 11 raised stakes. Ameritas Investment Partners Inc. bought a new position in shares of Wabash National Corporation during the first quarter worth about $108,000. Pillar Pacific Mgmt Lc has 25,300 shares. For those invested in Wabash at the moment, yesterday's earnings and today's stock-price reaction are hardly enough to change the investment thesis. 48,600 are held by Paradigm Asset Management Llc. Van Den Berg Mngmt I invested in 0.83% or 634,968 shares. Walleye Trading Limited Co reported 0% in Wabash National Corporation (NYSE:WNC). Pacad Invest Ltd holds 2,800 shares or 0.01% of its portfolio. Mason Street Advisors invested in 0.01% or 13,556 shares. Independent Portfolio Consultants holds 5,060 shares or 0.03% of its portfolio. Moreover, Brandywine Global Investment Ltd Llc has 0.03% invested in Wabash National Corporation (NYSE:WNC) for 262,110 shares. Wabash National Corporation has a one year low of $10.74 and a one year high of $24.16. First Trust Advisors LP raised its stake in Wabash National Corporation by 25.3% in the first quarter. Therefore 65% are positive. Alamo Group had 3 analyst reports since October 9, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, October 1 by UBS. Royal Financial Bank Of Canada, Ontario - Canada-based fund reported 51,556 shares. Aegis Capital analysts stated on 09/12/2016 that they launched coverage on this stock with Buy rating. 2,000 shares valued at $148,259 were sold by GEORGE ROBERT H on Wednesday, March 22. Morgan Dempsey Capital Management Ltd Liability Company invested 0.38% of its portfolio in Synalloy Corporation (NASDAQ:SYNL). Seasoned traders may have spent many years monitoring market ebbs and flows. The Firm focuses on infrastructure to discover drug targets and develop therapeutics. It now has negative earnings. The Firm is engaged in the research, development and commercialization of therapeutic and product candidates.


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