Systematic Financial Management LP Has $4.43 Million Stake in Wabash National Corporation (WNC)

Systematic Financial Management LP grew its stake in Wabash National Corporation (NYSE:WNC) by 140.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,417 shares of the company’s stock after acquiring an additional 117,515 shares during the period. Systematic Financial Management LP owned 0.34% of Wabash National Corporation worth $4,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WNC. Russell Investments Group Ltd. grew its holdings in shares of Wabash National Corporation by 749.0% in the 1st quarter. Russell Investments Group Ltd. now owns 238,178 shares of the company’s stock valued at $4,927,000 after acquiring an additional 210,124 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Wabash National Corporation by 2.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 87,690 shares of the company’s stock valued at $1,813,000 after acquiring an additional 2,335 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Wabash National Corporation by 25.3% in the 1st quarter. First Trust Advisors LP now owns 516,919 shares of the company’s stock valued at $10,695,000 after acquiring an additional 104,419 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of Wabash National Corporation by 50.5% in the 1st quarter. Suntrust Banks Inc. now owns 15,535 shares of the company’s stock valued at $320,000 after acquiring an additional 5,211 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Wabash National Corporation by 10.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 29,014 shares of the company’s stock valued at $600,000 after acquiring an additional 2,775 shares in the last quarter.

Several equities research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $20.00 target price on shares of Wabash National Corporation in a research note on Friday, July 7th. BidaskClub upgraded shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Craig Hallum upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $22.00 target price on shares of Wabash National Corporation in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wabash National Corporation presently has a consensus rating of “Hold” and an average price target of $20.57.

Shares of Wabash National Corporation (NYSE WNC) opened at 20.69 on Wednesday. The firm has a market capitalization of $1.22 billion, a P/E ratio of 13.34 and a beta of 1.78. The company has a 50-day moving average of $20.33 and a 200 day moving average of $21.00. Wabash National Corporation has a 52 week low of $10.74 and a 52 week high of $24.16.

Wabash National Corporation (NYSE:WNC) last released its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.05). Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The company had revenue of $435.90 million for the quarter, compared to the consensus estimate of $436.85 million. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was down 7.5% on a year-over-year basis. Equities research analysts anticipate that Wabash National Corporation will post $1.46 earnings per share for the current year.

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Wabash National Corporation 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.

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

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