Nordea Investment Management AB grew its position in Wabash National Corporation (NYSE:WNC) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,496 shares of the company’s stock after purchasing an additional 6,480 shares during the period. Nordea Investment Management AB owned approximately 0.18% of Wabash National worth $2,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WNC. Hikari Power Ltd acquired a new position in shares of Wabash National in the 2nd quarter valued at about $209,000. US Bancorp DE lifted its stake in shares of Wabash National by 246.9% in the 2nd quarter. US Bancorp DE now owns 9,757 shares of the company’s stock valued at $215,000 after purchasing an additional 6,944 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Wabash National in the 2nd quarter valued at about $235,000. ETRADE Capital Management LLC acquired a new position in shares of Wabash National in the 2nd quarter valued at about $257,000. Finally, ARP Americas LLC acquired a new position in shares of Wabash National in the 2nd quarter valued at about $264,000.

Several research firms have recently weighed in on WNC. ValuEngine lowered Wabash National from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded Wabash National from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Craig Hallum upgraded Wabash National from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Wabash National from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Wabash National in a report on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.86.

Shares of Wabash National Corporation (NYSE WNC) traded up $0.25 during trading hours on Tuesday, hitting $20.14. The company had a trading volume of 1,152,800 shares, compared to its average volume of 963,074. The stock has a market cap of $1,173.08, a P/E ratio of 14.21, a P/E/G ratio of 0.68 and a beta of 1.68. The company has a current ratio of 2.03, a quick ratio of 1.18 and a debt-to-equity ratio of 1.04. Wabash National Corporation has a 1-year low of $13.96 and a 1-year high of $24.16.

Wabash National (NYSE:WNC) last announced its earnings results on Tuesday, October 31st. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $425.10 million for the quarter, compared to analysts’ expectations of $449.05 million. Wabash National had a net margin of 5.05% and a return on equity of 18.42%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. equities research analysts expect that Wabash National Corporation will post 1.36 EPS for the current year.

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Wabash National Company Profile

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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