Wabash National Corporation $WNC Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its position in shares of Wabash National Corporation (NYSE:WNC) by 48.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,852 shares of the company’s stock after selling 83,837 shares during the period. Squarepoint Ops LLC owned about 0.22% of Wabash National worth $944,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP bought a new stake in shares of Wabash National in the 2nd quarter worth approximately $32,629,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Wabash National by 96.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,825,902 shares of the company’s stock worth $20,176,000 after buying an additional 895,516 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Wabash National by 1,301.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 787,533 shares of the company’s stock worth $8,702,000 after buying an additional 731,339 shares during the period. Millennium Management LLC lifted its stake in Wabash National by 864.3% in the first quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock valued at $5,078,000 after buying an additional 411,889 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Wabash National during the first quarter valued at $4,053,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on WNC. National Bankshares set a $9.00 price objective on shares of Wabash National in a report on Thursday, October 23rd. DA Davidson reiterated a “neutral” rating and issued a $9.00 price objective on shares of Wabash National in a report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of Wabash National in a report on Monday, December 15th. Wall Street Zen upgraded Wabash National from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Zacks Research cut Wabash National from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Wabash National has an average rating of “Reduce” and a consensus target price of $9.00.

Wabash National Price Performance

NYSE WNC opened at $8.96 on Monday. The firm has a market capitalization of $362.86 million, a price-to-earnings ratio of 1.47 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.35 and a quick ratio of 0.86. The company has a 50 day simple moving average of $8.61 and a 200-day simple moving average of $9.83. Wabash National Corporation has a 52-week low of $6.78 and a 52-week high of $17.69.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, December 1st. The company reported $0.22 earnings per share (EPS) for the quarter. Wabash National had a negative return on equity of 15.21% and a net margin of 15.89%.The business had revenue of $482.57 million during the quarter. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. Equities research analysts predict that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 8th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, January 8th. Wabash National’s payout ratio is 5.26%.

Wabash National Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.