Institutional Investors Negative on on Wabash National Corp Falls

Author

10 September, 2017

Stoneridge Invest Prtn Limited Com holds 54,184 shares. Dba Evanston Advisors has invested 0.95% in the stock. The stock increased 1.13% or $0.23 on September 8, reaching $20.5. Another trade for 4,000 shares valued at $331,160 was sold by TAYLOR MARY ALICE.

Shares of Wabash National Corporation (NYSE WNC) opened at 20.52 on Thursday. It has underperformed by 12.66% the S&P500.

Masters Capital Management Llc decreased Wabash Natl Corp (WNC) stake by 60% reported in 2016Q4 SEC filing. The fund owned 451,401 shares of the company's stock after purchasing an additional 113,487 shares during the period. The stock has a market cap of $1.21 billion, a P/E ratio of 13.23 and a beta of 1.78. It closed at $20.35 lastly. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since September 9, 2016 and is uptrending. It has outperformed by 35.35% the S&P500. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by $0.05. More interesting news about Wabash National Corporation (NYSE:WNC) were released by: Seekingalpha.com and their article: "Wabash National Corp: The Latest Buy For The RIP Portfolio" published on August 17, 2017 as well as Fool.com's news article titled: "Wabash National Corporation Stock's 34% Jump in 2016 Could Be Just the Beginning" with publication date: January 19, 2017. Therefore 33% are positive.

Ratings analysis reveals 33% of Wabash National Corp's analysts are positive. The firm earned "Neutral" rating on Thursday, April 6 by Seaport Global. The firm earned "Sell" rating on Tuesday, June 14 by Stifel Nicolaus.

Wabash National Corporation is a diversified industrial maker and producer of semi-trailers and liquid transportation systems.

As previously announced, Wabash National and Redhawk Acquisition Corporation, its direct wholly owned subsidiary, commenced a tender offer on August 22, 2017, for all of the outstanding shares of common stock of Supreme Industries, Inc., for $21 per share. BidaskClub upgraded shares of Wabash National Corporation from a "sell" rating to a "hold" rating in a report on Tuesday, June 13th. The stock has "Neutral" rating by Piper Jaffray on Thursday, February 2. The rating was upgraded by Craig Hallum to "Buy" on Thursday, August 10. The rating was initiated by CLSA with "Underperform" on Friday, September 30. The stock of Wabash National Corporation (NYSE:WNC) earned "Hold" rating by Stifel Nicolaus on Tuesday, December 8.

Investors sentiment is 1.1 in 2016 Q4. Dupont Capital Management Corp owned about 0.08% of Wabash National Corporation worth $1,036,000 at the end of the most recent quarter. Ronna Sue Cohen acquired a new stake in shares of Wabash National Corporation during the second quarter worth about $203,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The stock has "Hold" rating by BMO Capital Markets on Thursday, July 6. Pnc Financial Svcs Gp Incorporated has invested 0.04% of its portfolio in M&T Bank Corporation (NYSE:MTB).

Zpr Investment Management holds 3.15% of its portfolio in Wabash National Corporation for 114,750 shares. Gargoyle Investment Advisor Limited Liability Corporation reported 0.12% in Wabash National Corporation (NYSE:WNC). Clarivest Asset Mngmt Ltd Liability Co reported 327,821 shares or 0.14% of all its holdings. Front Barnett Assoc Ltd Liability invested in 120,239 shares. Nationwide Fund invested in 48,144 shares. It also reduced its holding in Express Scripts (NASDAQ:ESRX) by 8,198 shares in the quarter, leaving it with 31,776 shares, and cut its stake in Novartis Ag Sponsored (NYSE:NVS).

Investors sentiment increased to 0.81 in 2016 Q4. Its down 0.29, from 1.17 in 2016Q3. It fall, as 32 investors sold MTB shares while 200 reduced holdings. 70 funds opened positions while 135 raised stakes. Victory stated it has 5,877 shares or 0% of all its holdings. Liberty Mutual Group Inc Asset Mngmt Inc invested 0.06% of its portfolio in M&T Bank Corporation (NYSE:MTB). 345,493 shares of the company's stock traded hands. 1,053 are held by First Personal Fincl Services. Westover Advisors Ltd Limited Liability Company has 1,797 shares.

Masters Capital Management Llc increased Orbcomm Inc (NASDAQ:ORBC) stake by 250,000 shares to 1.25 million valued at $10.34 million in 2016Q4. Ordinary Shares (NYSE:MDT). Semper Augustus Invs Gru Limited Liability Company has 0.26% invested in Medtronic plc. Quantbot Technologies Lp holds 5,241 shares. North Carolina-based Salem Inv Counselors has invested 0.02% in Medtronic plc. Shlisky now anticipates that the brokerage will earn $0.26 per share for the quarter, down from their prior estimate of $0.34. Ordinary Shares (NYSE:MDT) for 64,701 shares. Sterling Cap Management Limited Liability Company has 57,090 shares for 0.01% of their portfolio. Rhumbline Advisers has invested 0% in Wabash National Corporation (NYSE:WNC). Citigroup Inc. had 82 analyst reports since July 21, 2015 according to SRatingsIntel. First Amer Financial Bank reported 0.14% of its portfolio in Medtronic plc.

Among 27 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 9 Hold. The Allstate Corporation had 37 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Neutral" rating given on Tuesday, August 4 by Goldman Sachs. As per Monday, August 24, the company rating was downgraded by SunTrust.

A number of research analysts have recently commented on the stock. Oppenheimer maintained Medtronic plc. The ex-dividend date of this dividend was Tuesday, January 3rd. Keefe Bruyette & Woods upgraded the shares of C in report on Wednesday, April 5 to "Outperform" rating. The rating was maintained by Morgan Stanley with "Overweight" on Wednesday, March 2.


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