Wabash National (NYSE:WNC) Given New $14.00 Price Target at DA Davidson

Wabash National (NYSE:WNC) had its target price cut by investment analysts at DA Davidson from $18.00 to $14.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price target suggests a potential upside of 20.59% from the company’s current price.

Wabash National Trading Up 5.4 %

WNC opened at $11.61 on Monday. The firm’s fifty day moving average is $15.51 and its two-hundred day moving average is $17.74. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The firm has a market cap of $492.84 million, a PE ratio of -1.78 and a beta of 1.55. Wabash National has a twelve month low of $11.01 and a twelve month high of $30.07.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter last year, the business earned $1.07 earnings per share. Equities research analysts anticipate that Wabash National will post 0.94 EPS for the current year.

Insider Transactions at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the stock in a transaction on Tuesday, December 31st. The shares were 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 of the company’s stock, valued at $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Wabash National

Several large investors have recently made changes to their positions in WNC. Gladius Capital Management LP bought a new stake in shares of Wabash National during the third quarter worth $29,000. Meeder Asset Management Inc. bought a new position in Wabash National in the third quarter valued at $44,000. EMC Capital Management grew its position in Wabash National by 88.1% in the fourth quarter. EMC Capital Management now owns 8,250 shares of the company’s stock valued at $141,000 after purchasing an additional 3,864 shares in the last quarter. AlphaQuest LLC grew its position in Wabash National by 332,066.7% in the fourth quarter. AlphaQuest LLC now owns 9,965 shares of the company’s stock valued at $171,000 after purchasing an additional 9,962 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Wabash National in the third quarter valued at $192,000. Institutional investors own 97.05% of the company’s stock.

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.