QS Investors LLC lowered its holdings in shares of Wabash National Co. (NYSE:WNC) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,402 shares of the company’s stock after selling 24,903 shares during the period. QS Investors LLC owned about 0.59% of Wabash National worth $7,560,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of WNC. Crossmark Global Holdings Inc. acquired a new stake in Wabash National during the third quarter worth $562,000. Stevens Capital Management LP acquired a new stake in shares of Wabash National in the 3rd quarter valued at $407,000. American Century Companies Inc. boosted its stake in shares of Wabash National by 1.7% in the 3rd quarter. American Century Companies Inc. now owns 340,268 shares of the company’s stock valued at $7,765,000 after purchasing an additional 5,603 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Wabash National by 27.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 41,484 shares of the company’s stock valued at $947,000 after purchasing an additional 9,045 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Wabash National by 4.7% in the 3rd quarter. Sei Investments Co. now owns 355,225 shares of the company’s stock valued at $8,106,000 after purchasing an additional 15,813 shares in the last quarter.
Shares of Wabash National Co. (NYSE WNC) opened at $21.91 on Tuesday. Wabash National Co. has a 52 week low of $18.25 and a 52 week high of $26.54. The company has a quick ratio of 1.39, a current ratio of 2.03 and a debt-to-equity ratio of 1.00. The company has a market cap of $1,276.95, a price-to-earnings ratio of 16.05, a PEG ratio of 0.52 and a beta of 1.82.
Wabash National (NYSE:WNC) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $517.96 million. During the same period in the previous year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. sell-side analysts expect that Wabash National Co. will post 1.97 earnings per share 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 issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.37%. Wabash National’s dividend payout ratio is 16.85%.
In related news, CEO Richard J. Giromini sold 58,300 shares of Wabash National 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 transaction, the chief executive officer now directly owns 803,680 shares of the company’s stock, valued at $20,124,147.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.90% of the company’s stock.
Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Wabash National to $24.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Stifel Nicolaus boosted their target price on shares of Wabash National from $23.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Zacks Investment Research downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. OTR Global upgraded shares of Wabash National to a “positive” rating in a research note on Thursday, March 1st. Finally, Seaport Global Securities restated a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $26.40.
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Wabash National Company 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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