Wabash National Co. (NYSE:WNC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Wabash National Co. (NYSE:WNC) by 11,857.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,897 shares of the company’s stock after purchasing an additional 84,187 shares during the period. GAMMA Investing LLC owned approximately 0.20% of Wabash National worth $938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Wabash National in the 4th quarter worth approximately $2,827,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Wabash National in the 4th quarter worth approximately $644,000. Norges Bank acquired a new stake in shares of Wabash National in the 4th quarter worth approximately $4,341,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Wabash National by 8.1% in 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. Finally, Northern Trust Corp grew its holdings in shares of Wabash National by 8.5% in the 4th quarter. Northern Trust Corp now owns 497,552 shares of the company’s stock worth $8,523,000 after acquiring an additional 38,928 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Price Performance

WNC stock opened at $10.74 on Tuesday. Wabash National Co. has a 1 year low of $6.78 and a 1 year high of $24.03. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The stock’s 50 day moving average price is $9.36 and its 200 day moving average price is $12.75. The firm has a market cap of $449.60 million, a P/E ratio of -1.65 and a beta of 1.61.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, April 30th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $380.89 million during the quarter, compared to analysts’ expectations of $414.55 million. During the same period in the previous year, the company posted $0.39 EPS. Wabash National’s quarterly revenue was down 26.1% compared to the same quarter last year. On average, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, July 3rd. Wabash National’s dividend payout ratio (DPR) is currently -20.65%.

Analysts Set New Price Targets

Separately, DA Davidson lowered their price target on Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th.

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.