Wabash National Corporation $WNC Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its position in shares of Wabash National Corporation (NYSE:WNC) by 60.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,634 shares of the company’s stock after selling 226,379 shares during the period. CenterBook Partners LP’s holdings in Wabash National were worth $1,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WNC. Raymond James Financial Inc. raised its stake in Wabash National by 12.6% in the second quarter. Raymond James Financial Inc. now owns 18,519 shares of the company’s stock valued at $197,000 after buying an additional 2,078 shares in the last quarter. Man Group plc boosted its position in shares of Wabash National by 4.4% during the 3rd quarter. Man Group plc now owns 53,556 shares of the company’s stock worth $529,000 after acquiring an additional 2,235 shares in the last quarter. CWM LLC increased its holdings in shares of Wabash National by 82.6% in the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock valued at $53,000 after acquiring an additional 2,758 shares during the last quarter. Strs Ohio increased its holdings in shares of Wabash National by 6.7% in the 4th quarter. Strs Ohio now owns 58,700 shares of the company’s stock valued at $508,000 after acquiring an additional 3,700 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Wabash National by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock worth $80,000 after acquiring an additional 4,129 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Trading Up 4.5%

WNC opened at $8.29 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 1.55. Wabash National Corporation has a 52 week low of $6.63 and a 52 week high of $12.94. The business’s 50 day moving average is $8.16 and its two-hundred day moving average is $9.15. The firm has a market cap of $336.99 million, a price-to-earnings ratio of -5.18 and a beta of 1.55.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Friday, May 1st. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.01) by ($0.16). The firm had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. Wabash National’s revenue was down 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.58) earnings per share. On average, research analysts predict that Wabash National Corporation will post -1.75 EPS for the current year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, July 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 3.9%. Wabash National’s dividend payout ratio is currently -20.00%.

Wall Street Analysts Forecast Growth

WNC has been the subject of several recent analyst reports. DA Davidson restated a “neutral” rating and set a $8.50 target price on shares of Wabash National in a research note on Thursday, May 21st. Wall Street Zen lowered shares of Wabash National from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings downgraded shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $8.75.

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.