Eagle Boston Investment Management Inc. Grows Stake in Wabash National Co. (WNC)

Eagle Boston Investment Management Inc. raised its position in Wabash National Co. (NYSE:WNC) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,553 shares of the company’s stock after purchasing an additional 15,264 shares during the quarter. Eagle Boston Investment Management Inc. owned 0.59% of Wabash National worth $7,607,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. raised its holdings in shares of Wabash National by 47.7% in the 4th quarter. Pinebridge Investments L.P. now owns 99,061 shares of the company’s stock worth $2,150,000 after purchasing an additional 31,994 shares during the period. Olstein Capital Management L.P. raised its holdings in shares of Wabash National by 32.1% in the 4th quarter. Olstein Capital Management L.P. now owns 123,150 shares of the company’s stock worth $2,672,000 after purchasing an additional 29,950 shares during the period. First Trust Advisors LP raised its holdings in shares of Wabash National by 11.4% in the 4th quarter. First Trust Advisors LP now owns 344,265 shares of the company’s stock worth $7,471,000 after purchasing an additional 35,166 shares during the period. Granite Point Capital Management L.P. purchased a new position in shares of Wabash National in the 4th quarter worth about $1,953,000. Finally, KBC Group NV raised its holdings in shares of Wabash National by 21.1% in the 4th quarter. KBC Group NV now owns 165,321 shares of the company’s stock worth $3,587,000 after purchasing an additional 28,753 shares during the period.

In other news, CEO Richard J. Giromini sold 58,300 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total value of $1,459,832.00. Following the completion of the sale, the chief executive officer now owns 803,680 shares in the company, valued at $20,124,147.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is currently owned by company insiders.

Shares of Wabash National Co. (WNC) opened at $23.97 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.03 and a debt-to-equity ratio of 1.00. Wabash National Co. has a 12 month low of $18.25 and a 12 month high of $26.54. The stock has a market capitalization of $1,436.12, a PE ratio of 17.65, a PEG ratio of 0.57 and a beta of 1.73.

Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. The business had revenue of $543.40 million during the quarter, compared to analyst estimates of $517.96 million. During the same quarter last year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. analysts expect that Wabash National Co. will post 1.97 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Wabash National’s previous quarterly dividend of $0.06. Wabash National’s dividend payout ratio (DPR) is 16.85%.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Wabash National from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Saturday, February 10th. Stifel Nicolaus set a $25.00 target price on Wabash National and gave the company a “hold” rating in a research note on Friday, February 9th. BMO Capital Markets increased their target price on Wabash National to $24.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Seaport Global Securities reiterated a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. Finally, ValuEngine upgraded Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $26.40.

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About Wabash National

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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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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