Wabash National Corporation (WNC) : Eagle Boston Investment Management Inc reduced its stake in Wabash National Corporation by 18.56% during the most recent quarter end. The investment management company now holds a total of 544,717 shares of Wabash National Corporation which is valued at $7,500,753 after selling 124,126 shares in Wabash National Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Wabash National Corporation makes up approximately 0.98% of Eagle Boston Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Hays Advisory reduced its stake in WNC by selling 50,258 shares or 9.49% in the most recent quarter. The Hedge Fund company now holds 479,594 shares of WNC which is valued at $6,776,663. Wabash National Corporation makes up approx 1.15% of Hays Advisory’s portfolio. Simplex Trading added WNC to its portfolio by purchasing 3,449 company shares during the most recent quarter which is valued at $47,941. Wabash National Corporation makes up approx 0.01% of Simplex Trading’s portfolio. First Mercantile Trust Co sold out all of its stake in WNC during the most recent quarter. The investment firm sold 6,950 shares of WNC which is valued $96,605.Independent Portfolio Consultants reduced its stake in WNC by selling 1,575 shares or 21.72% in the most recent quarter. The Hedge Fund company now holds 5,675 shares of WNC which is valued at $79,280. Wabash National Corporation makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.
Wabash National Corporation closed down -0.36 points or -2.55% at $13.77 with 5,14,357 shares getting traded on Tuesday. Post opening the session at $14.11, the shares hit an intraday low of $13.75 and an intraday high of $14.15 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Wabash National Corporation reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.25. The company had revenue of $447.67 million for the quarter, compared to analysts expectations of $431.44 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Many Wall Street Analysts have commented on Wabash National Corporation. Wabash National Corporation was Initiated by CLSA to “Underperform” on Sep 30, 2016.
Wabash National Corporation (Wabash) is engaged in designing manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment. The Company operates in three segments: Commercial Trailer Products Diversified Products and Retail. The Commercial Trailer Products segment manufactures standard and customized truck trailers. The Diversified Products segment focuses to expand its customer base diversify its product offerings end markets and revenues. The Retail segment includes its 15 Company-owned retail branch locations which are strategically located in metropolitan areas to provide additional opportunities to distribute its products. The Companys commercial trailer product trademarks include Wabash DuraPlate DuraPlateHD DuraPlate XD-35 FreightPro ArcticLite RoadRailer Transcraft Eagle Eagle II D-Eagle and Benson. Its three trailer drag reduction systems include Ventix DRS AeroFin and AeroSkirt CX.