Swiss National Bank grew its holdings in Wabash National Co. (NYSE:WNC – Get Rating) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,200 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Swiss National Bank owned about 0.24% of Wabash National worth $2,649,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Raymond James & Associates increased its holdings in shares of Wabash National by 4.2% during the 1st quarter. Raymond James & Associates now owns 39,348 shares of the company’s stock worth $584,000 after buying an additional 1,595 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Wabash National by 6.3% during the 1st quarter. Citigroup Inc. now owns 44,274 shares of the company’s stock worth $657,000 after buying an additional 2,628 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Wabash National by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 26,736 shares of the company’s stock worth $397,000 after buying an additional 9,533 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Wabash National by 12.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,203 shares of the company’s stock worth $626,000 after buying an additional 4,808 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new stake in shares of Wabash National during the 1st quarter worth approximately $403,000. 98.24% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Wabash National
In other news, CEO Brent L. Yeagy sold 94,961 shares of Wabash National stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $27.55, for a total transaction of $2,616,175.55. Following the completion of the sale, the chief executive officer now directly owns 338,038 shares of the company’s stock, valued at approximately $9,312,946.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Brent L. Yeagy sold 94,961 shares of Wabash National stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $27.55, for a total transaction of $2,616,175.55. Following the completion of the sale, the chief executive officer now directly owns 338,038 shares of the company’s stock, valued at approximately $9,312,946.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brent L. Yeagy sold 16,864 shares of Wabash National stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $27.21, for a total transaction of $458,869.44. Following the sale, the chief executive officer now directly owns 275,787 shares of the company’s stock, valued at $7,504,164.27. The disclosure for this sale can be found here. In the last three months, insiders sold 183,005 shares of company stock valued at $4,996,023. Insiders own 1.13% of the company’s stock.
Analyst Upgrades and Downgrades
Wabash National Stock Performance
NYSE:WNC opened at $24.71 on Wednesday. The company has a fifty day simple moving average of $23.80 and a two-hundred day simple moving average of $24.85. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 8.05 and a beta of 1.61. The company has a quick ratio of 0.87, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. Wabash National Co. has a 52 week low of $12.81 and a 52 week high of $30.10.
Wabash National (NYSE:WNC – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.45 by $0.59. The business had revenue of $621.00 million during the quarter, compared to the consensus estimate of $624.38 million. Wabash National had a net margin of 5.88% and a return on equity of 39.80%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. As a group, equities analysts anticipate that Wabash National Co. will post 4.29 earnings per share for the current fiscal year.
Wabash National Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. Wabash National’s dividend payout ratio (DPR) is 10.42%.
About Wabash National
Wabash National Corp. engages in the design, manufacture and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. It operates through the following segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment manufactures van and platform trailers and other transportation related equipment to customers who purchase directly from the company or through independent dealers.
Further Reading
- Get a free copy of the StockNews.com research report on Wabash National (WNC)
- Airline ETFs: What They Are and How to Invest
- Williams-Sonoma Is The Retail Value Play, Here’s Why
- Ladder Corporation: Climbing Higher And Paying 9% Yield
- Microbot Medical spikes 150% on its Endovascular Surgical Robot
- PetMed Express: Charts Say This Could Be The Bottom
Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.
