Are Wabash Natl (NYSE:WNC) Shares Worth Your Time and Dime Following Recent Stifel Downgrade?

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Wabash Natl (NYSE:WNC) Receives a Downgrade

The Rating of Wabash Natl (NYSE:WNC) shares have been cut by Stifel from a “Buy” rating to a “Hold” rating in an analyst note issued to clients on Tuesday morning.

From a total of 10 analysts covering Wabash National Corp (NYSE:WNC) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 45% of the ratings are positive. The highest target price is $18 while the lowest target price is $9. The mean of all analyst targets is $13.43 with a 18.83% above today’s ($10.94) stock price. Wabash National Corp was the topic of 4 analyst reports since September 28, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus downgraded shares on December 8 to “Hold” rating.

The stock decreased 5.28% or $0.61 during the last trading session, striking $10.94. Approximately shares of stock traded hands. Wabash National Corporation (NYSE:WNC) has declined 25.17% since May 6, 2015 and is downtrending. It has underperformed by 24.37% the S&P500.

The overall sentiment of institutions has decreased to 1.37 in Q2 2015. Its down 0.11, from 1.48 in 2015Q2. The ratio dived, as 25 institutions have sold all the shares of Wabash National Corporation that they owned while 56 funds have taken shares off the table. 24 funds have purchased shares for the first time while 87 added to their positions. These institutions now hold 67.10 million shares or 4.82% less than the 70.49 million shares they owned in 2015Q2.

The Fund Kestrel Investment Management Corp currently is holding shares equating to 2.08% of its total portfolio in Wabash National Corporation representing a total of 564,500 shares. Another fund,Aristotle Capital Boston Llc, is holding a total of 475,887 shares equating to 1.23% of their holdings. Additionally, Keane Capital Management Inc has a 80,000 share stake in Wabash National Corporation which represents 1.11% of their total portfolio. The Fund, Eagle Boston Investment Management Inc, based out of Massachusetts, has also built up a stake in the stock, which represents a total of 1.08% of their total portfolio. Finally Horizon Investment Services Llc, a fund which is based in the state of Indiana reported a total holdings of 203,389 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 8, 2015, shareholders of Wabash National Corporation have witnessed 0 insider purchases, and a total of 1 sale equating to a net activity of approximately $642,072 . Giromini Richard J sold 45,830 shares worth approximately $642,072. Ewald Bruce N sold 27,000 shares worth approximately $404,101.

Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment. The company has a market cap of $768.04 million. The Firm operates in three divisions: Commercial Trailer Products, Diversified Products and Retail. It has 8.47 P/E ratio. The Commercial Trailer Products segment makes standard and customized truck trailers.

According to Zacks Investment Research, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada.” Get a free copy of the Zacks research report on Wabash National Corporation (WNC).

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