Goldman Sachs Group Inc. raised its position in Wabash National Corporation (NYSE:WNC) by 56.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 582,757 shares of the company’s stock after buying an additional 210,242 shares during the period. Goldman Sachs Group Inc. owned 0.99% of Wabash National Corporation worth $12,809,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of WNC. Ameritas Investment Partners Inc. purchased a new stake in shares of Wabash National Corporation during the 1st quarter worth approximately $108,000. Meeder Asset Management Inc. boosted its holdings in Wabash National Corporation by 390.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock worth $163,000 after buying an additional 5,930 shares during the period. Ronna Sue Cohen bought a new position in Wabash National Corporation in the 2nd quarter worth approximately $203,000. Hikari Power Ltd bought a new position in Wabash National Corporation in the 2nd quarter worth approximately $209,000. Finally, US Bancorp DE boosted its holdings in Wabash National Corporation by 246.9% in the 2nd quarter. US Bancorp DE now owns 9,757 shares of the company’s stock worth $215,000 after buying an additional 6,944 shares during the period.
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Shares of Wabash National Corporation (NYSE:WNC) traded down 1.13% on Friday, hitting $22.68. 137,236 shares of the stock traded hands. The stock has a market cap of $1.34 billion, a P/E ratio of 14.62 and a beta of 1.78. Wabash National Corporation has a 52-week low of $10.74 and a 52-week high of $24.16. The stock’s 50 day moving average price is $21.82 and its 200 day moving average price is $21.29.
Wabash National Corporation (NYSE:WNC) last posted its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). The firm had revenue of $435.90 million for the quarter, compared to analysts’ expectations of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. Wabash National Corporation’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. On average, equities analysts expect that Wabash National Corporation will post $1.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, October 4th. This represents a $0.24 annualized dividend and a yield of 1.05%. Wabash National Corporation’s dividend payout ratio (DPR) is presently 15.48%.
Several research analysts recently commented on WNC shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Wabash National Corporation in a report on Friday, July 7th. BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research cut shares of Wabash National Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Stifel Nicolaus set a $22.00 target price on shares of Wabash National Corporation and gave the stock a “hold” rating in a research report on Thursday, August 10th. Finally, Craig Hallum upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.86.
Wabash National Corporation Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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