Dynamic Technology Lab Private Ltd bought a new position in Wabash National Co. (NYSE:WNC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,171 shares of the company’s stock, valued at approximately $363,000.
Other large investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of Wabash National in the 3rd quarter worth about $1,595,000. AQR Capital Management LLC grew its holdings in shares of Wabash National by 12.7% in the 3rd quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock worth $11,559,000 after purchasing an additional 61,887 shares during the last quarter. American Century Companies Inc. grew its holdings in Wabash National by 99.0% during the 3rd quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock worth $5,582,000 after acquiring an additional 131,512 shares during the last quarter. Quantbot Technologies LP grew its holdings in Wabash National by 143.4% during the 3rd quarter. Quantbot Technologies LP now owns 38,185 shares of the company’s stock worth $806,000 after acquiring an additional 22,495 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in Wabash National by 109.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 161,753 shares of the company’s stock worth $3,416,000 after acquiring an additional 84,690 shares during the last quarter. Institutional investors own 97.05% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Wabash National from a “buy” rating to a “hold” rating in a report on Friday, April 26th.
View Our Latest Stock Analysis on Wabash National
Wabash National Stock Up 0.9 %
Shares of NYSE:WNC opened at $22.31 on Monday. Wabash National Co. has a 12 month low of $20.09 and a 12 month high of $30.07. The company’s 50-day moving average price is $25.64 and its two-hundred day moving average price is $25.23. The company has a quick ratio of 1.11, a current ratio of 1.87 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.00 billion, a P/E ratio of 5.36 and a beta of 1.62.
Wabash National (NYSE:WNC – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The company had revenue of $515.28 million for the quarter. Wabash National had a return on equity of 37.84% and a net margin of 8.15%. As a group, research analysts forecast that Wabash National Co. will post 2.18 EPS for the current fiscal year.
Wabash National Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 3rd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, July 3rd. Wabash National’s dividend payout ratio (DPR) is presently 7.69%.
Insider Activity
In other 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 value of $27,330.60. Following the transaction, the director now owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have acquired 853 shares of company stock valued at $11,134. 1.78% of the stock is currently owned by insiders.
Wabash National Company Profile
(Free Report)
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.
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