XTX Topco Ltd Buys Shares of 14,474 Wabash National Co. (NYSE:WNC)

XTX Topco Ltd purchased a new position in shares of Wabash National Co. (NYSE:WNC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,474 shares of the company’s stock, valued at approximately $316,000.

Several other hedge funds have also made changes to their positions in the business. Innealta Capital LLC purchased a new stake in Wabash National during the 2nd quarter worth approximately $33,000. Tradewinds Capital Management LLC purchased a new stake in shares of Wabash National during the first quarter worth $48,000. CWM LLC increased its position in shares of Wabash National by 353.5% during the second quarter. CWM LLC now owns 2,272 shares of the company’s stock worth $50,000 after acquiring an additional 1,771 shares during the period. EntryPoint Capital LLC raised its stake in shares of Wabash National by 240.8% in the first quarter. EntryPoint Capital LLC now owns 4,628 shares of the company’s stock valued at $139,000 after acquiring an additional 3,270 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new position in Wabash National in the second quarter valued at $220,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Trading Up 1.7 %

NYSE WNC opened at $18.90 on Friday. Wabash National Co. has a 52 week low of $17.71 and a 52 week high of $30.07. The firm has a 50 day moving average of $19.68 and a two-hundred day moving average of $22.51. The stock has a market capitalization of $831.60 million, a PE ratio of 4.54 and a beta of 1.53. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.72.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $550.61 million for the quarter, compared to analyst estimates of $594.77 million. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. Wabash National’s revenue for the quarter was down 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 earnings per share. As a group, research analysts expect that Wabash National Co. will post 1.53 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, October 10th. Wabash National’s payout ratio is 7.69%.

Analysts Set New Price Targets

Separately, DA Davidson cut their price target on Wabash National from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, September 9th.

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.