LSV Asset Management Reduces Stake in Wabash National Corporation $WNC

LSV Asset Management lessened its holdings in shares of Wabash National Corporation (NYSE:WNC) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 951,106 shares of the company’s stock after selling 101,897 shares during the period. LSV Asset Management’s holdings in Wabash National were worth $10,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Wabash National by 55.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,710 shares of the company’s stock valued at $39,000 after purchasing an additional 1,331 shares during the last quarter. CWM LLC boosted its holdings in shares of Wabash National by 1,520.7% in the 1st quarter. CWM LLC now owns 5,235 shares of the company’s stock valued at $58,000 after buying an additional 4,912 shares in the last quarter. Corton Capital Inc. purchased a new position in shares of Wabash National in the 2nd quarter valued at $111,000. Baker Ellis Asset Management LLC acquired a new stake in Wabash National during the 2nd quarter worth $120,000. Finally, US Bancorp DE lifted its position in Wabash National by 2,057.0% in the first quarter. US Bancorp DE now owns 11,885 shares of the company’s stock valued at $131,000 after acquiring an additional 11,334 shares during the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Stock Down 3.0%

WNC opened at $7.53 on Thursday. The business has a 50 day moving average price of $9.14 and a two-hundred day moving average price of $9.81. The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 1.13. The company has a market cap of $304.93 million, a PE ratio of -3.11 and a beta of 1.73. Wabash National Corporation has a 52 week low of $6.78 and a 52 week high of $20.63.

Wabash National (NYSE:WNC) last announced its earnings results on Wednesday, December 1st. The company reported $0.22 earnings per share for the quarter. The company had revenue of $482.57 million for the quarter. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. As a group, research analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on WNC shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Wabash National in a report on Thursday, November 13th. Zacks Research cut Wabash National from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Wall Street Zen raised Wabash National from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. DA Davidson reduced their price objective on Wabash National from $9.50 to $9.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, National Bankshares set a $9.00 target price on shares of Wabash National in a research report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $9.00.

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.