Parametric Portfolio Associates LLC increased its position in shares of Wabash National Corporation (NYSE:WNC) by 24.0% during the first quarter, Holdings Channel reports. The firm owned 274,997 shares of the company’s stock after buying an additional 53,167 shares during the period. Parametric Portfolio Associates LLC’s holdings in Wabash National Corporation were worth $5,690,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Engineers Gate Manager LP increased its stake in shares of Wabash National Corporation by 16.3% in the first quarter. Engineers Gate Manager LP now owns 107,532 shares of the company’s stock worth $2,225,000 after buying an additional 15,092 shares during the period. Sei Investments Co. increased its stake in shares of Wabash National Corporation by 3.4% in the first quarter. Sei Investments Co. now owns 272,641 shares of the company’s stock worth $5,641,000 after buying an additional 9,004 shares during the period. Karp Capital Management Corp bought a new stake in shares of Wabash National Corporation during the first quarter worth $735,000. UBS Asset Management Americas Inc. increased its stake in shares of Wabash National Corporation by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock worth $277,000 after buying an additional 200 shares during the period. Finally, Comerica Bank increased its stake in shares of Wabash National Corporation by 0.8% in the first quarter. Comerica Bank now owns 66,631 shares of the company’s stock worth $1,544,000 after buying an additional 517 shares during the period.
Wabash National Corporation (NYSE:WNC) opened at 21.26 on Tuesday. The stock’s 50 day moving average is $21.22 and its 200-day moving average is $19.55. The company has a market capitalization of $1.28 billion, a P/E ratio of 12.33 and a beta of 1.75. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $24.16.
Wabash National Corporation (NYSE:WNC) last released its quarterly earnings data on Monday, April 24th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Wabash National Corporation had a net margin of 6.37% and a return on equity of 23.44%. The firm had revenue of $362.70 million for the quarter, compared to the consensus estimate of $371.09 million. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was down 19.0% on a year-over-year basis. On average, equities analysts predict that Wabash National Corporation will post $1.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 6th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.13%. Wabash National Corporation’s payout ratio is presently 13.95%.
A number of analysts have weighed in on the stock. BidaskClub raised shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Wabash National Corporation in a report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Wabash National Corporation presently has an average rating of “Hold” and an average price target of $18.14.
Wabash National Corporation Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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