DA Davidson Issues Pessimistic Forecast for Wabash National (NYSE:WNC) Stock Price

Wabash National (NYSE:WNC) had its price objective cut by equities researchers at DA Davidson from $18.00 to $14.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price target points to a potential upside of 20.02% from the stock’s previous close.

Wabash National Stock Down 3.8 %

NYSE WNC traded down $0.46 during trading on Monday, reaching $11.67. 176,528 shares of the company’s stock were exchanged, compared to its average volume of 919,991. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. Wabash National has a fifty-two week low of $11.55 and a fifty-two week high of $30.07. The company’s fifty day simple moving average is $15.66 and its 200-day simple moving average is $17.80. The firm has a market capitalization of $495.18 million, a PE ratio of -1.79 and a beta of 1.55.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same quarter in the previous year, the company earned $1.07 EPS. Sell-side analysts predict that Wabash National will post 0.94 EPS for the current year.

Insider Activity at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total transaction of $25,785.00. Following the completion of the sale, the senior vice president now owns 117,227 shares in the company, valued at approximately $2,015,132.13. This represents a 1.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Wabash National

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP boosted its holdings in shares of Wabash National by 6.2% during the 4th quarter. Quantinno Capital Management LP now owns 15,420 shares of the company’s stock worth $264,000 after buying an additional 896 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Wabash National in the third quarter valued at about $29,000. Vident Advisory LLC lifted its position in shares of Wabash National by 7.0% during the 4th quarter. Vident Advisory LLC now owns 25,752 shares of the company’s stock worth $441,000 after purchasing an additional 1,678 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Wabash National by 8.7% during the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company’s stock worth $399,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Wabash National during the 3rd quarter valued at approximately $44,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.