Canandaigua National Bank & Trust Company Lowered Jacobs Engineering Groupinc. (JEC) Position as Stock Value Declined; As Wabash National (WNC) Valuation Rose, Pacific Ridge Capital Partners Decreased Its Holding

December 16, 2017 - By wolcottdaily

Pacific Ridge Capital Partners Llc decreased its stake in Wabash National Corp (WNC) by 24.78% based on its latest 2017Q2 regulatory filing with the SEC. Pacific Ridge Capital Partners Llc sold 19,400 shares as the company’s stock rose 3.02% with the market. The institutional investor held 58,890 shares of the construction and ag equipment and trucks company at the end of 2017Q2, valued at $1.29 million, down from 78,290 at the end of the previous reported quarter. Pacific Ridge Capital Partners Llc who had been investing in Wabash National Corp for a number of months, seems to be less bullish one the $1.14B market cap company. The stock increased 1.15% or $0.22 during the last trading session, reaching $19.31. About 1.52M shares traded or 98.80% up from the average. Wabash National Corporation (NYSE:WNC) has risen 52.05% since December 16, 2016 and is uptrending. It has outperformed by 35.35% the S&P500.

Canandaigua National Bank & Trust Company decreased its stake in Jacobs Engineering Groupinc. (JEC) by 34.62% based on its latest 2017Q2 regulatory filing with the SEC. Canandaigua National Bank & Trust Company sold 5,901 shares as the company’s stock declined 7.98% while stock markets rallied. The institutional investor held 11,145 shares of the military and government and technical company at the end of 2017Q2, valued at $606,000, down from 17,046 at the end of the previous reported quarter. Canandaigua National Bank & Trust Company who had been investing in Jacobs Engineering Groupinc. for a number of months, seems to be less bullish one the $7.98B market cap company. The stock increased 0.09% or $0.06 during the last trading session, reaching $66.19. About 1.64M shares traded or 136.53% up from the average. Jacobs Engineering Group Inc. (NYSE:JEC) has risen 8.36% since December 16, 2016 and is uptrending. It has underperformed by 8.34% the S&P500.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.11, from 0.92 in 2017Q1. It improved, as 34 investors sold WNC shares while 73 reduced holdings. 33 funds opened positions while 77 raised stakes. 73.29 million shares or 0.87% more from 72.65 million shares in 2017Q1 were reported. Convergence Invest Prtnrs Ltd Company has invested 0.2% in Wabash National Corporation (NYSE:WNC). Barclays Public Ltd Liability, a United Kingdom-based fund reported 127,659 shares. Tennessee-based Ftb Advsrs has invested 0% in Wabash National Corporation (NYSE:WNC). Fdx invested 0.02% in Wabash National Corporation (NYSE:WNC). Capstone Asset Mgmt Com holds 23,172 shares or 0.01% of its portfolio. Art Lc has 0.04% invested in Wabash National Corporation (NYSE:WNC). Moreover, Martingale Asset LP has 0.03% invested in Wabash National Corporation (NYSE:WNC). Oakworth Capital invested in 802 shares or 0% of the stock. Weiss Multi invested in 0.08% or 87,083 shares. 3.45 million were reported by Jpmorgan Chase &. Numeric Invsts Ltd stated it has 346,635 shares or 0.07% of all its holdings. Acadian Asset Mngmt Lc invested in 1.70M shares or 0.17% of the stock. Grantham Mayo Van Otterloo And Ltd Liability holds 0.02% or 157,700 shares in its portfolio. The North Carolina-based Piedmont Advisors Limited Co has invested 0.06% in Wabash National Corporation (NYSE:WNC). Loomis Sayles & Limited Partnership holds 0% or 1,597 shares.

Among 9 analysts covering Wabash National Corp (NYSE:WNC), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Wabash National Corp had 20 analyst reports since September 28, 2015 according to SRatingsIntel. On Thursday, February 2 the stock rating was downgraded by Piper Jaffray to “Neutral”. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, October 31. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, October 15 report. On Monday, November 6 the stock rating was maintained by Stifel Nicolaus with “Hold”. Seaport Global reinitiated the stock with “Neutral” rating in Thursday, April 6 report. The stock of Wabash National Corporation (NYSE:WNC) earned “Buy” rating by Global Hunter Securities on Monday, September 28. The firm has “Sell” rating given on Tuesday, June 14 by Stifel Nicolaus. The firm has “Neutral” rating by PiperJaffray given on Thursday, February 2. The firm has “Hold” rating given on Thursday, July 6 by BMO Capital Markets. On Friday, December 9 the stock rating was initiated by Aegis Capital with “Buy”.

Pacific Ridge Capital Partners Llc, which manages about $150.62 million and $340.89 million US Long portfolio, upped its stake in Meta Financial Group (NASDAQ:CASH) by 13,270 shares to 73,396 shares, valued at $6.53M in 2017Q2, according to the filing. It also increased its holding in Unique Fabricating by 69,518 shares in the quarter, for a total of 186,790 shares, and has risen its stake in Bofi Holding Inc. (NASDAQ:BOFI).

Analysts await Wabash National Corporation (NYSE:WNC) to report earnings on January, 30. They expect $0.36 earnings per share, down 5.26% or $0.02 from last year’s $0.38 per share. WNC’s profit will be $21.23M for 13.41 P/E if the $0.36 EPS becomes a reality. After $0.34 actual earnings per share reported by Wabash National Corporation for the previous quarter, Wall Street now forecasts 5.88% EPS growth.

Investors sentiment decreased to 0.85 in 2017 Q2. Its down 0.13, from 0.98 in 2017Q1. It is negative, as 40 investors sold JEC shares while 165 reduced holdings. 42 funds opened positions while 133 raised stakes. 100.50 million shares or 1.03% less from 101.55 million shares in 2017Q1 were reported. Sun Life has 0.01% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 881 shares. 73,505 are held by Balyasny Asset Management Ltd Limited Liability Company. Virtus Invest Advisers holds 0.02% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 3,228 shares. Canandaigua Bank & accumulated 11,145 shares. Fifth Third National Bank & Trust holds 4,446 shares. Lathrop Investment Mngmt, a Arkansas-based fund reported 256,832 shares. Missouri-based Country Club Tru Com Na has invested 0.63% in Jacobs Engineering Group Inc. (NYSE:JEC). Tennessee-based Ftb has invested 0% in Jacobs Engineering Group Inc. (NYSE:JEC). Oppenheimer Asset Mngmt Inc holds 0.02% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 13,653 shares. Fuller And Thaler Asset Mgmt invested 0% in Jacobs Engineering Group Inc. (NYSE:JEC). Aviva Public Ltd Co reported 0.02% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC). Tru Company Of Vermont owns 400 shares. Barrow Hanley Mewhinney Strauss Ltd Liability Company holds 0% or 560 shares. The Montana-based Da Davidson has invested 0% in Jacobs Engineering Group Inc. (NYSE:JEC). Halsey Associate Ct holds 143,429 shares.

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