Acadian Asset Management LLC purchased a new position in shares of Wabash National Co. (NYSE:WNC – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 61,552 shares of the company’s stock, valued at approximately $1,512,000. Acadian Asset Management LLC owned about 0.13% of Wabash National as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Wabash National by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,474,779 shares of the company’s stock worth $100,748,000 after purchasing an additional 50,493 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Wabash National by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,427,583 shares of the company’s stock worth $77,464,000 after buying an additional 110,277 shares during the period. State Street Corp boosted its holdings in shares of Wabash National by 2.4% during the 1st quarter. State Street Corp now owns 1,770,585 shares of the company’s stock worth $26,275,000 after buying an additional 40,901 shares during the period. Millennium Management LLC boosted its holdings in shares of Wabash National by 144.4% during the 4th quarter. Millennium Management LLC now owns 1,206,262 shares of the company’s stock worth $27,262,000 after buying an additional 712,620 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Wabash National by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 958,017 shares of the company’s stock worth $14,217,000 after buying an additional 33,179 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.
Wall Street Analyst Weigh In
WNC has been the subject of several recent analyst reports. Raymond James downgraded shares of Wabash National from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 5th. StockNews.com initiated coverage on shares of Wabash National in a report on Thursday, August 17th. They set a “buy” rating for the company.
Wabash National Price Performance
Shares of Wabash National stock opened at $23.11 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.68 and a quick ratio of 0.89. Wabash National Co. has a fifty-two week low of $14.90 and a fifty-two week high of $30.10. The firm has a fifty day moving average price of $23.74 and a two-hundred day moving average price of $24.58. The company has a market cap of $1.09 billion, a PE ratio of 5.57 and a beta of 1.60.
Wabash National (NYSE:WNC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.22. Wabash National had a net margin of 7.75% and a return on equity of 48.85%. The firm had revenue of $686.60 million during the quarter, compared to the consensus estimate of $739.98 million. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Analysts expect that Wabash National Co. will post 4.51 EPS for the current year.
Wabash National Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, October 4th. Wabash National’s dividend payout ratio (DPR) is presently 7.71%.
About Wabash National
Wabash National Corporation designs, manufactures, and distributes connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; insulated van bodies; stake bodies; platform truck bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products.
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