Seizert Capital Partners LLC Invests $367,000 in Wabash National Co. (NYSE:WNC)

Seizert Capital Partners LLC purchased a new position in shares of Wabash National Co. (NYSE:WNC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,542 shares of the company’s stock, valued at approximately $367,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. grew its holdings in shares of Wabash National by 128.2% during the second quarter. Meeder Asset Management Inc. now owns 4,307 shares of the company’s stock worth $70,000 after buying an additional 2,420 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of Wabash National during the second quarter worth about $82,000. Pearl River Capital LLC purchased a new stake in shares of Wabash National during the first quarter worth about $94,000. Convergence Investment Partners LLC purchased a new stake in shares of Wabash National during the second quarter worth about $170,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Wabash National during the first quarter worth about $152,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

Shares of WNC traded down $0.71 during mid-day trading on Friday, hitting $13.37. The company had a trading volume of 487,318 shares, compared to its average volume of 460,839. The business’s 50-day simple moving average is $15.12 and its 200-day simple moving average is $14.63. The company has a quick ratio of 1.09, a current ratio of 1.92 and a debt-to-equity ratio of 0.98. Wabash National Co. has a 1-year low of $12.25 and a 1-year high of $19.43. The stock has a market cap of $766.75 million, a PE ratio of 9.39 and a beta of 2.01.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.07. Wabash National had a net margin of 2.67% and a return on equity of 17.36%. The business had revenue of $626.05 million for the quarter, compared to analysts’ expectations of $613.36 million. During the same period last year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts expect that Wabash National Co. will post 1.7 earnings per share for the current year.

WNC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Friday, August 16th. ValuEngine downgraded shares of Wabash National from a “hold” rating to a “sell” rating in a report on Saturday, July 6th. Finally, Craig Hallum downgraded shares of Wabash National from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.83.

Wabash National Company Profile

Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.

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

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