BNP Paribas Financial Markets Has $1.52 Million Stock Position in Wabash National Co. (NYSE:WNC)

BNP Paribas Financial Markets lifted its stake in Wabash National Co. (NYSE:WNC) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,422 shares of the company’s stock after purchasing an additional 3,832 shares during the quarter. BNP Paribas Financial Markets owned 0.20% of Wabash National worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC boosted its position in Wabash National by 121.4% during the 3rd quarter. Barclays PLC now owns 163,251 shares of the company’s stock worth $3,132,000 after acquiring an additional 89,522 shares during the period. Raymond James Financial Inc. acquired a new stake in Wabash National during the 4th quarter worth about $2,827,000. Oppenheimer & Co. Inc. acquired a new stake in Wabash National during the 4th quarter worth about $644,000. Norges Bank acquired a new stake in Wabash National during the 4th quarter worth about $4,341,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Wabash National by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 925,952 shares of the company’s stock worth $15,862,000 after acquiring an additional 69,514 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson decreased their price objective on Wabash National from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th.

Wabash National Stock Up 2.8%

Shares of Wabash National stock opened at $9.66 on Monday. The firm has a market cap of $404.25 million, a price-to-earnings ratio of -1.48 and a beta of 1.57. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. Wabash National Co. has a 52-week low of $6.78 and a 52-week high of $24.03. The stock has a 50-day simple moving average of $10.02 and a 200-day simple moving average of $14.12.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.32). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. The firm had revenue of $380.89 million for the quarter, compared to analyst estimates of $414.55 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was down 26.1% compared to the same quarter last year. On average, equities research analysts expect that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, July 3rd. Wabash National’s dividend payout ratio is presently -20.65%.

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.