Economy

Wabash National Corp (NYSE:WNC) Stock Sentiment Worsens

About 101,821 shares traded. It has outperformed by 19.11% the S&P500.

Wabash National Corporation (NYSE:WNC) is a diversified industrial manufacturer and North America's leading producer of semi-trailers and liquid transportation systems. CLSA initiated the shares of WNC in report on Friday, September 30 with "Underperform" rating. Its down 11.13% from 17.56 million shares previously. The ratio worsened, as 102 investment managers increased or opened new stock positions, while 117 sold and decreased their positions in Wabash National Corp. The tender offer statement on Schedule TO and related materials, including the Offer to Purchase and letter of transmittal, have been filed by Wabash National Corporation and Redhawk Acquisition Corporation with the SEC and mailed to Supreme stockholders. The stock decreased 1.45% or $0.3 during the last trading session, reaching $20.35.

Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings results on Tuesday, January 31st. It has outperformed by 35.35% the S&P500. Craig Hallum raised shares of Wabash National Corporation from a "hold" rating to a "buy" rating in a report on Thursday, August 10th. Therefore 55% are positive. Menta Capital Llc who had been investing in Wabash Natl Corp for a number of months, seems to be bullish on the $1.20B market cap company.

Several other equities analysts also recently commented on the stock. As per Monday, August 24, the company rating was downgraded by SunTrust. The firm has "Buy" rating by RBC Capital Markets given on Thursday, June 22. The rating was downgraded by Societe Generale on Tuesday, September 13 to "Sell". Keefe Bruyette & Woods maintained Allstate Corp (NYSE:ALL) rating on Wednesday, August 2. The rating was maintained by Morgan Stanley with "Overweight" on Wednesday, March 2. Ordinary Shares (NYSE:MDT) on Tuesday, July 18 with "Buy" rating. The stock has "Hold" rating by Stifel Nicolaus on Tuesday, December 8. Gold Richard S sold $1.12M worth of M&T Bank Corporation (NYSE:MTB) on Friday, June 9.

Investors sentiment is 1.1 in 2016 Q4. Its the same as in 2016Q3.

Large investors have recently made changes to their positions in the company. Accredited Inc has invested 0.12% of its portfolio in Medtronic plc. Hall Laurie J Trustee, Massachusetts-based fund reported 570 shares. Aristotle Boston Ltd Liability stated it has 352,572 shares. Geneva Advsr Ltd Liability Company invested 0.01% in Citigroup Inc (NYSE:C). Ordinary Shares (NYSE:MDT) for 5,000 shares. Basswood Mgmt Ltd Liability Corp accumulated 193,061 shares. Agran Libbie has 10,022 shares. Janus Mngmt Lc reported 1.62 million shares. Clearbridge Ltd holds 2.13 million shares. Commercial Bank, Texas-based fund reported 853 shares.

Tower Bridge Advisors increased its stake in Medtronic Plc (MDT) by 844.31% based on its latest 2016Q4 regulatory filing with the SEC. It also reduced its holding in Express Scripts (NASDAQ:ESRX) by 8,198 shares in the quarter, leaving it with 31,776 shares, and cut its stake in Novartis Ag Sponsored (NYSE:NVS). Colgate Palmolive Co (NYSE:CL) was reduced too. Also, the number of investment managers holding Wabash National Corp in their top 10 stock positions increased from 0 to 1 for an increase of 1. Therefore 33% are positive. The company was downgraded on Thursday, February 2 by PiperJaffray. The stock of Wabash National Corporation (NYSE:WNC) earned "Hold" rating by BMO Capital Markets on Thursday, July 6. Seaport Global Securities now has a "Neutral" rating and a $17.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Herndon Cap Ltd Llc holds 0% of its portfolio in Wabash National Corporation (NYSE:WNC) for 481 shares. On Wednesday, August 9 the stock rating was maintained by Stifel Nicolaus with "Hold".

Investors sentiment increased to 1.03 in Q4 2016. Its down 0.29, from 1.17 in 2016Q3. It turned negative, as 36 investors sold WNC shares while 81 reduced holdings.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Corporation stated it has 791,639 shares. The stock of Wabash National Corporation (NYSE:WNC) earned "Neutral" rating by Seaport Global on Thursday, April 6. Nationwide Fund invested in 48,144 shares.

Dupont Capital Management Corp lifted its stake in Wabash National Corporation (NYSE:WNC) by 29.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. Janney Montgomery Scott Limited Liability Corporation owns 37,992 shares. The stock has "Sell" rating by Stifel Nicolaus on Tuesday, June 14. Ordinary Shares (NYSE:MDT). Semper Augustus Invs Gru Limited Liability Company has 0.26% invested in Medtronic plc. Kbc Gp Nv has invested 0.02% of its portfolio in Wabash National Corporation (NYSE:WNC). Global X Mgmt Llc reported 2,847 shares. Following the completion of the sale, the senior vice president now owns 137,664 shares in the company, valued at approximately $2,148,935.04. Zacks Investment Research raised shares of Wabash National Corporation from a "hold" rating to a "strong-buy" rating and set a $20.00 price objective for the company in a research note on Saturday, January 21st. State Of Tennessee Treasury Department, a Tennessee-based fund reported 51,710 shares. Peoples Financial Service owns 310 shares for 0.02% of their portfolio. Voya Inv Limited Liability Com invested in 0% or 58,791 shares.

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