Wabash National Corporation (WNC)

Amalgamated Bank Has $498,000 Stake in Wabash National Co. (NYSE:WNC)

Amalgamated Bank reduced its stake in Wabash National Co. (NYSE:WNC – Free Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,429 shares of the company’s stock after selling 1,472 shares during the period. Amalgamated Bank’s holdings in Wabash National were worth $498,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors also recently made changes to their positions in the company. Islay Capital Management LLC increased its position in Wabash National by 30.9% in the 4th quarter. Islay Capital Management LLC now owns 45,198 shares of the company’s stock valued at $1,158,000 after acquiring an additional 10,661 shares during the period. SummerHaven Investment Management LLC increased its holdings in Wabash National by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 30,225 shares of the company’s stock valued at $774,000 after purchasing an additional 404 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Wabash National by 33.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,797 shares of the company’s stock worth $328,000 after purchasing an additional 3,182 shares during the last quarter. VELA Investment Management LLC acquired a new position in Wabash National during the 4th quarter worth about $1,303,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Wabash National in the 4th quarter valued at about $237,000. 97.05% of the stock is owned by institutional investors. Analyst Ratings Changes Separately, StockNews.com downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Get Our Latest Research Report on WNC Insider Buying and Selling In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now owns 6,386 shares in the company, valued at $172,805.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.78% of the stock is owned by insiders. Wabash National Stock Down 3.2 % Shares of NYSE:WNC opened at $22.47 on Monday. Wabash National Co. has a 1 year low of $20.09 and a 1 year high of $30.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.11. The business’s 50-day moving average is $26.15 and its 200-day moving average is $25.17. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 5.40 and a beta of 1.62. Wabash National (NYSE:WNC – Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $515.28 million during the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%. Equities research analysts predict that Wabash National Co. will post 2.21 earnings per share for the current year. Wabash National Profile (Free Report) 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.