Caxton Associates LP acquired a new stake in shares of Wabash National Co. (NYSE:WNC) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 17,171 shares of the company’s stock, valued at approximately $373,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Yorktown Management & Research Co Inc boosted its position in Wabash National by 21.7% during the third quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock valued at $333,000 after purchasing an additional 2,600 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in Wabash National by 1.1% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 249,543 shares of the company’s stock valued at $5,693,000 after purchasing an additional 2,700 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of Wabash National by 4.6% in the third quarter. Pinebridge Investments L.P. now owns 67,067 shares of the company’s stock worth $1,531,000 after buying an additional 2,927 shares during the last quarter. ETRADE Capital Management LLC lifted its position in shares of Wabash National by 25.1% in the third quarter. ETRADE Capital Management LLC now owns 14,622 shares of the company’s stock worth $334,000 after buying an additional 2,930 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Wabash National by 12.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 29,993 shares of the company’s stock worth $651,000 after buying an additional 3,291 shares during the last quarter.
Shares of Wabash National Co. (NYSE WNC) opened at $21.88 on Wednesday. Wabash National Co. has a 12-month low of $18.25 and a 12-month high of $26.54. The firm has a market capitalization of $1,276.95, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.52 and a beta of 1.82. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.03 and a quick ratio of 1.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, April 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.37%. Wabash National’s payout ratio is presently 16.85%.
A number of analysts have weighed in on the company. ValuEngine cut Wabash National from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. OTR Global raised Wabash National to a “positive” rating in a research report on Thursday, March 1st. Zacks Investment Research cut Wabash National from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Stifel Nicolaus set a $25.00 price target on Wabash National and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets boosted their price target on Wabash National to $24.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $26.40.
In other news, CEO Richard J. Giromini sold 58,300 shares of Wabash National stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total value of $1,459,832.00. Following the transaction, the chief executive officer now directly owns 803,680 shares in the company, valued at $20,124,147.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.
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Wabash National 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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