In today’s session Wabash National Corporation (WNC) registered an unusually high (351) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious WNC increase. With 351 contracts traded and 12044 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: WNC170120C00015000 closed last at: $0.85 or 10.5% down. About 283,739 shares traded hands. Wabash National Corporation (NYSE:WNC) has risen 15.61% since March 4, 2016 and is uptrending. It has outperformed by 7.57% the S&P500.
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 $31.23M for 7.23 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. On Monday, September 28 the stock rating was upgraded by Global Hunter Securities to “Buy”. Stifel Nicolaus downgraded Wabash National Corporation (NYSE:WNC) on Tuesday, June 14 to “Sell” rating. The stock of Wabash National Corporation (NYSE:WNC) has “Hold” rating given on Tuesday, December 8 by Stifel Nicolaus. The firm has “Underperform” rating by CLSA given on Friday, September 30.
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 turned negative, 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.
Bogle Investment Limited Partnership De accumulated 26,382 shares or 0.02% of the stock. Kcg Holding has invested 0.01% of its portfolio in Wabash National Corporation (NYSE:WNC). Rhumbline Advisers holds 84,105 shares or 0% of its portfolio. Herndon Llc has 481 shares for 0% of their US portfolio. Blackrock Institutional Company Na has 0% invested in the company for 2.20 million shares. Next Fin Group last reported 0.03% of its portfolio in the stock. Sei Company last reported 0.02% of its portfolio in the stock. Moreover, Geode Mgmt Ltd Liability Corp has 0.01% invested in Wabash National Corporation (NYSE:WNC) for 802,473 shares. Clinton Grp Inc has 0.05% invested in the company for 95,363 shares. Meeder Asset Mgmt holds 14,415 shares or 0.02% of its portfolio. Moreover, Tower Research Lc (Trc) has 0.01% invested in Wabash National Corporation (NYSE:WNC) for 4,981 shares. Blackrock Japan Limited, a Japan-based fund reported 4,627 shares. Old Mutual Global Investors (Uk) owns 232,355 shares or 0.06% of their US portfolio. Prudential has 2.65M shares for 0.06% of their US portfolio. Swiss Bancorp holds 111,000 shares or 0% of its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 3 sales for $688,057 net activity. Another trade for 22,987 shares valued at $320,669 was sold by Yeagy Brent L. Roth Erin Jennifer had sold 18,150 shares worth $258,638 on Monday, August 8.
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The company has a market cap of $903.07 million. The Company’s divisions include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations. It has a 7.27 P/E ratio. The Commercial Trailer Products segment makes standard and customized van and platform trailers.
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.
More important recent Wabash National Corporation (NYSE:WNC) news were published by: Globenewswire.com which released: “Wabash National Corporation Recognizes Outstanding Suppliers at Annual Conference” on September 23, 2016, also Globenewswire.com published article titled: “Wabash National Corporation Signs Exclusive Agreement with EconCore N.V. to …”, 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) was released by: Fool.com and their article: “Why Shares of Wabash National Corporation Fell Today” with publication date: June 14, 2016.
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