Engineers Gate Manager LP Purchases New Position in Wabash National Co. (WNC)

Engineers Gate Manager LP purchased a new position in shares of Wabash National Co. (NYSE:WNC) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 53,298 shares of the company’s stock, valued at approximately $995,000.

Several other hedge funds also recently modified their holdings of WNC. MetLife Investment Advisors LLC purchased a new position in Wabash National in the fourth quarter valued at approximately $592,000. Global X Management Co. LLC increased its stake in Wabash National by 185.5% in the first quarter. Global X Management Co. LLC now owns 12,624 shares of the company’s stock valued at $263,000 after purchasing an additional 8,203 shares during the last quarter. Wasatch Advisors Inc. increased its stake in Wabash National by 41.3% in the first quarter. Wasatch Advisors Inc. now owns 209,512 shares of the company’s stock valued at $4,360,000 after purchasing an additional 61,224 shares during the last quarter. FDx Advisors Inc. increased its stake in Wabash National by 20.8% in the first quarter. FDx Advisors Inc. now owns 30,509 shares of the company’s stock valued at $635,000 after purchasing an additional 5,249 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Wabash National by 0.4% in the first quarter. Prudential Financial Inc. now owns 874,549 shares of the company’s stock valued at $18,200,000 after purchasing an additional 3,580 shares during the last quarter.

Shares of WNC opened at $18.56 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.20 and a current ratio of 1.96. The company has a market cap of $1.02 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.32 and a beta of 1.85. Wabash National Co. has a 12-month low of $17.47 and a 12-month high of $26.54.

Wabash National (NYSE:WNC) last announced its earnings results on Tuesday, July 31st. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). The business had revenue of $612.69 million for the quarter, compared to analysts’ expectations of $611.30 million. Wabash National had a return on equity of 17.85% and a net margin of 5.86%. analysts anticipate that Wabash National Co. will post 1.98 earnings per share for the current year.

Several equities analysts have commented on the stock. Stifel Nicolaus dropped their price target on shares of Wabash National from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, August 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $25.00 price target on shares of Wabash National in a research note on Thursday, July 19th. ValuEngine lowered shares of Wabash National from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Zacks Investment Research lowered shares of Wabash National from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, Craig Hallum set a $32.00 price target on shares of Wabash National and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Wabash National presently has an average rating of “Hold” and an average price target of $24.83.

Wabash National Profile

Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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