76,924 Shares in Wabash National Corporation $WNC Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Wabash National Corporation (NYSE:WNC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 76,924 shares of the company’s stock, valued at approximately $1,038,000. Jefferies Financial Group Inc. owned about 0.19% of Wabash National at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WNC. BlackRock Inc. acquired a new position in shares of Wabash National during the second quarter worth $47,125,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Wabash National by 2.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,821,212 shares of the company’s stock valued at $17,975,000 after purchasing an additional 36,226 shares during the period. Dimensional Fund Advisors LP increased its holdings in Wabash National by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock valued at $14,291,000 after purchasing an additional 247,345 shares during the period. Charles Schwab Investment Management Inc. raised its position in Wabash National by 17.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,548,493 shares of the company’s stock worth $13,394,000 after purchasing an additional 233,979 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Wabash National by 4.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,445,635 shares of the company’s stock worth $15,367,000 after buying an additional 59,054 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Performance

Shares of WNC opened at $13.32 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75. The firm’s fifty day simple moving average is $12.83 and its two-hundred day simple moving average is $10.30. Wabash National Corporation has a 12 month low of $6.63 and a 12 month high of $14.32. The stock has a market capitalization of $542.62 million, a P/E ratio of -6.90 and a beta of 1.44.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.03. The firm had revenue of $417.24 million during the quarter, compared to analyst estimates of $402.85 million. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the company posted ($0.15) EPS. As a group, analysts predict that Wabash National Corporation will post -2.41 EPS for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 8th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $0.32 annualized dividend and a yield of 2.4%. Wabash National’s dividend payout ratio (DPR) is currently -16.58%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Wabash National from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Wabash National in a research report on Wednesday, August 12th. DA Davidson reiterated a “buy” rating and issued a $20.00 target price on shares of Wabash National in a report on Monday, August 24th. National Bank Financial set a $20.00 target price on shares of Wabash National in a research report on Wednesday, August 12th. Finally, Citizens Jmp started coverage on shares of Wabash National in a report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 price target for the company. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Wabash National Company 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.