Mutual of America Capital Management LLC Makes New Investment in Wabash National Co. (NYSE:WNC)

Mutual of America Capital Management LLC bought a new position in Wabash National Co. (NYSE:WNC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 8,066 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WNC. EMC Capital Management purchased a new position in shares of Wabash National during the 3rd quarter worth $129,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Wabash National by 124.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,365 shares of the company’s stock valued at $200,000 after buying an additional 5,192 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Wabash National in the 3rd quarter valued at about $239,000. QRG Capital Management Inc. purchased a new position in shares of Wabash National in the 3rd quarter valued at about $249,000. Finally, Watershed Asset Management L.L.C. boosted its stake in shares of Wabash National by 19.9% in the 3rd quarter. Watershed Asset Management L.L.C. now owns 12,372 shares of the company’s stock valued at $261,000 after buying an additional 2,056 shares during the period. 97.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now directly owns 6,386 shares in the company, valued at approximately $172,805.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the transaction, the director now owns 114,146 shares in the company, valued at $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Wabash National from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th.

Wabash National Price Performance

Shares of NYSE WNC opened at $25.75 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.17 and a current ratio of 1.93. Wabash National Co. has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The firm has a market capitalization of $1.16 billion, a PE ratio of 5.35 and a beta of 1.58. The stock’s 50-day simple moving average is $27.38 and its 200-day simple moving average is $24.92.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.89 by $0.18. The company had revenue of $596.10 million for the quarter, compared to analyst estimates of $633.68 million. Wabash National had a return on equity of 46.87% and a net margin of 9.12%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. As a group, equities research analysts forecast that Wabash National Co. will post 2.19 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, April 3rd. Wabash National’s dividend payout ratio (DPR) is 6.65%.

Wabash National Profile

Wabash National Corporation provides 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 designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.