Mackenzie Financial Corp Takes $237,000 Position in Wabash National Co. (NYSE:WNC)

Mackenzie Financial Corp purchased a new position in Wabash National Co. (NYSE:WNC) in the fourth quarter, Holdings Channel.com reports. The fund purchased 9,249 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WNC. EMC Capital Management bought a new position in Wabash National in the 3rd quarter worth $129,000. DekaBank Deutsche Girozentrale increased its position in shares of Wabash National by 124.4% during the third 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. Mutual of America Capital Management LLC bought a new position in Wabash National in the fourth quarter worth about $207,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Wabash National in the third quarter worth about $239,000. Finally, QRG Capital Management Inc. bought a new stake in Wabash National during the 3rd quarter valued at approximately $249,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Wabash National from a “buy” rating to a “hold” rating in a research report on Friday.

Insider Transactions at Wabash National

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

Wabash National Stock Up 2.5 %

NYSE:WNC opened at $24.61 on Monday. Wabash National Co. has a 1-year low of $20.09 and a 1-year high of $30.07. The company has a market capitalization of $1.11 billion, a PE ratio of 5.92 and a beta of 1.58. The firm’s 50-day moving average price is $27.26 and its 200-day moving average price is $24.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.17.

Wabash National (NYSE:WNC) last announced its earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The business had revenue of $515.28 million for the quarter. On average, equities analysts predict that Wabash National Co. will post 2.19 EPS for the current fiscal year.

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th were paid a $0.08 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.30%. Wabash National’s dividend payout ratio is currently 7.69%.

About Wabash National

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.