Systematic Financial Management LP grew its stake in shares of Wabash National Co. (NYSE:WNC) by 26.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,155 shares of the company’s stock after purchasing an additional 25,713 shares during the quarter. Systematic Financial Management LP owned approximately 0.21% of Wabash National worth $2,672,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in WNC. Royce & Associates LP boosted its stake in shares of Wabash National by 18.5% during the fourth quarter. Royce & Associates LP now owns 4,571,699 shares of the company’s stock valued at $99,206,000 after purchasing an additional 715,062 shares during the period. BlackRock Inc. boosted its stake in shares of Wabash National by 3.7% during the fourth quarter. BlackRock Inc. now owns 7,498,565 shares of the company’s stock valued at $162,718,000 after purchasing an additional 264,512 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Wabash National by 16.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,636,788 shares of the company’s stock valued at $35,519,000 after purchasing an additional 232,736 shares during the period. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Wabash National by 22.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,081,472 shares of the company’s stock valued at $24,679,000 after purchasing an additional 196,494 shares during the period. Finally, APG Asset Management N.V. purchased a new stake in shares of Wabash National during the fourth quarter valued at approximately $3,103,000.
In related news, CEO Richard J. Giromini sold 58,300 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $20,124,147.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.
WNC has been the subject of a number of analyst reports. Zacks Investment Research raised Wabash National from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Saturday, February 10th. Stifel Nicolaus dropped their price objective on Wabash National from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. BMO Capital Markets increased their price objective 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 reissued a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. Finally, OTR Global lowered Wabash National to a “positive” rating in a research note on Thursday, December 14th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Wabash National presently has a consensus rating of “Buy” and an average price target of $26.40.
Shares of Wabash National Co. (WNC) opened at $23.31 on Friday. Wabash National Co. has a 52 week low of $18.25 and a 52 week high of $26.54. The company has a market capitalization of $1,432.58, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.57 and a beta of 1.73. 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 (NYSE:WNC) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.36 EPS for the quarter, topping 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 company 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 posted $0.38 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. analysts expect that Wabash National Co. will post 1.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 5th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, April 4th. Wabash National’s payout ratio is 16.85%.
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Wabash National 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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