DA Davidson Lowers Wabash National (NYSE:WNC) Price Target to $14.00

Wabash National (NYSE:WNC - Get Free Report) had its price target decreased by equities research analysts at DA Davidson from $18.00 to $14.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. DA Davidson's target price would suggest a potential upside of 20.02% from the stock's current price.

Wabash National Price Performance

WNC traded down $0.12 during trading on Monday, hitting $11.67. 1,015,223 shares of the company traded hands, compared to its average volume of 952,316. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The company has a market cap of $495.18 million, a PE ratio of -1.79 and a beta of 1.55. The stock's 50-day simple moving average is $15.26 and its two-hundred day simple moving average is $17.65. Wabash National has a 1 year low of $11.01 and a 1 year high of $30.07.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (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 posted $1.07 EPS. As a group, sell-side analysts anticipate that Wabash National will post 0.94 earnings per share for the current fiscal year.

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Insider Activity at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of Wabash National stock in a transaction on 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 directly owns 117,227 shares of the company's stock, valued at $2,015,132.13. The trade was a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wabash National

Several institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP grew its holdings in Wabash National by 6.7% during the 3rd quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company's stock worth $35,985,000 after acquiring an additional 117,704 shares in the last quarter. State Street Corp lifted its position in shares of Wabash National by 1.0% in the 3rd quarter. State Street Corp now owns 1,744,629 shares of the company's stock worth $33,479,000 after purchasing an additional 16,826 shares during the period. Pacer Advisors Inc. bought a new position in shares of Wabash National during the fourth quarter valued at approximately $25,688,000. First Trust Advisors LP increased its holdings in Wabash National by 22.5% during the fourth quarter. First Trust Advisors LP now owns 1,468,605 shares of the company's stock valued at $25,157,000 after buying an additional 269,846 shares during the period. Finally, Royce & Associates LP raised its stake in Wabash National by 4.4% in the third quarter. Royce & Associates LP now owns 1,246,060 shares of the company's stock worth $23,912,000 after buying an additional 52,044 shares in the last quarter. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Company Profile

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.