The stock of Wabash National Corporation (NYSE:WNC) is a huge mover today! About 416,408 shares traded hands. Wabash National Corporation (NYSE:WNC) has declined 13.30% since April 5, 2016 and is downtrending. It has underperformed by 15.25% the S&P500.
The move comes after 8 months positive chart setup for the $707.40 million company. It was reported on Nov, 8 by Barchart.com. We have $13.92 PT which if reached, will make NYSE:WNC worth $162.70M more.
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. The firm earned “Buy” rating on Monday, September 28 by Global Hunter Securities. As per Tuesday, December 8, the company rating was downgraded by Stifel Nicolaus. Stifel Nicolaus downgraded the stock to “Sell” rating in Tuesday, June 14 report. The stock of Wabash National Corporation (NYSE:WNC) earned “Underperform” rating by CLSA 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 Q2 2016. Its down 0.06, from 1.04 in 2016Q1. The ratio dived, 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.
Blackrock Inv Mgmt Limited Liability Company has 264,910 shares for 0% of their US portfolio. Ubs Asset Mngmt Americas last reported 34,397 shares in the company. The New York-based Metropolitan Life Insur Ny has invested 0% in Wabash National Corporation (NYSE:WNC). Macquarie Gp Ltd reported 247,956 shares or 0.01% of all its holdings. California State Teachers Retirement accumulated 135,329 shares or 0% of the stock. Virginia Retirement System Et Al holds 0.02% or 95,600 shares in its portfolio. Hutchin Hill Cap L P owns 102,000 shares or 0.04% of their US portfolio. Springbok Capital Lc last reported 0.01% of its portfolio in the stock. Kcg accumulated 0.01% or 25,343 shares. Goldman Sachs Gp accumulated 0% or 847,572 shares. Winfield Associate last reported 0% of its portfolio in the stock. Moreover, Manufacturers Life Ins The has 0% invested in Wabash National Corporation (NYSE:WNC) for 42,907 shares. Oberweis Asset last reported 0.07% of its portfolio in the stock. Bridgeway Cap Mgmt holds 349,100 shares or 0.07% of its portfolio. Natl Bank Of Montreal Can, a Ontario – Canada-based fund reported 61,114 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 3 sales for $688,057 net activity. The insider Yeagy Brent L sold 22,987 shares worth $320,669. Roth Erin Jennifer had sold 7,500 shares worth $108,750.
More notable recent Wabash National Corporation (NYSE:WNC) news were published by: Fool.com which released: “Why Wabash National Corporation’s Shares Plunged 12% Today” on October 25, 2016, also Prnewswire.com with their article: “EnerSys to Join S&P MidCap 400; Wabash National to Join S&P SmallCap 600” published on August 23, 2016, Fool.com published: “Why Shares of Wabash National Corporation Fell Today” on June 14, 2016. More interesting news about Wabash National Corporation (NYSE:WNC) were released by: Seekingalpha.com and their article: “Wabash National Corp. Is A Trucking Gem In The Rough” published on August 11, 2016 as well as Globenewswire.com‘s news article titled: “Wabash National Corporation Announces Second Quarter 2016 Results; Delivers …” with publication date: July 26, 2016.
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.
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