Prudential Financial Inc. raised its stake in Wabash National (NYSE:WNC) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 874,549 shares of the company’s stock after purchasing an additional 3,580 shares during the quarter. Prudential Financial Inc. owned about 1.52% of Wabash National worth $18,200,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Meadow Creek Investment Management LLC boosted its holdings in shares of Wabash National by 32.3% in the 4th quarter. Meadow Creek Investment Management LLC now owns 9,758 shares of the company’s stock valued at $212,000 after purchasing an additional 2,380 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Wabash National by 12.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 29,993 shares of the company’s stock valued at $651,000 after purchasing an additional 3,291 shares during the last quarter. Evanston Investments Inc. dba Evanston Advisors boosted its holdings in shares of Wabash National by 3.2% in the 4th quarter. Evanston Investments Inc. dba Evanston Advisors now owns 154,205 shares of the company’s stock valued at $3,346,000 after purchasing an additional 4,764 shares during the last quarter. Malaga Cove Capital LLC boosted its holdings in shares of Wabash National by 10.3% in the 4th quarter. Malaga Cove Capital LLC now owns 51,425 shares of the company’s stock valued at $1,116,000 after purchasing an additional 4,784 shares during the last quarter. Finally, FDx Advisors Inc. lifted its holdings in shares of Wabash National by 20.8% during the 1st quarter. FDx Advisors Inc. now owns 30,509 shares of the company’s stock valued at $635,000 after acquiring an additional 5,249 shares in the last quarter.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Wabash National from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. Craig Hallum set a $32.00 target price on shares of Wabash National and gave the company a “buy” rating in a report on Wednesday, May 2nd. ValuEngine lowered shares of Wabash National from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. OTR Global upgraded shares of Wabash National to a “positive” rating in a report on Thursday, March 1st. Finally, Stifel Nicolaus set a $25.00 target price on shares of Wabash National and gave the company a “hold” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $26.80.
Wabash National opened at $20.69 on Monday, Marketbeat reports. Wabash National has a 12-month low of $18.25 and a 12-month high of $26.54. The firm has a market cap of $1.20 billion, a P/E ratio of 14.99, a PEG ratio of 0.48 and a beta of 1.85. The company has a current ratio of 1.91, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98.
Wabash National (NYSE:WNC) last released its quarterly earnings results on Tuesday, May 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.05). Wabash National had a return on equity of 16.87% and a net margin of 5.94%. The firm had revenue of $491.32 million for the quarter, compared to analysts’ expectations of $468.77 million. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 35.5% on a year-over-year basis. equities analysts expect that Wabash National will post 2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 26th. Investors of record on Thursday, July 5th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, July 3rd. Wabash National’s dividend payout ratio (DPR) is 21.74%.
About Wabash National
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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