Cornerstone Capital Management Holdings LLC. raised its stake in Wabash National Co. (NYSE:WNC) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 285,743 shares of the company’s stock after buying an additional 36,200 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.48% of Wabash National worth $6,200,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in WNC. Quantbot Technologies LP acquired a new position in Wabash National in the 3rd quarter valued at approximately $326,000. Yorktown Management & Research Co Inc increased its stake in Wabash National by 21.7% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock valued at $333,000 after buying an additional 2,600 shares during the period. ETRADE Capital Management LLC increased its stake in Wabash National by 25.1% in the 3rd quarter. ETRADE Capital Management LLC now owns 14,622 shares of the company’s stock valued at $334,000 after buying an additional 2,930 shares during the period. Caxton Associates LP acquired a new position in Wabash National in the 4th quarter valued at approximately $373,000. Finally, Teacher Retirement System of Texas acquired a new position in Wabash National in the 4th quarter valued at approximately $438,000.
Shares of WNC stock opened at $21.47 on Wednesday. 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 company has a market cap of $1,262.54, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.52 and a beta of 1.82. Wabash National Co. has a 1 year low of $18.25 and a 1 year high of $26.54.
Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, January 30th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The company had revenue of $543.40 million during the quarter, compared to the consensus estimate of $517.96 million. Wabash National had a net margin of 6.31% and a return on equity of 17.69%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share. sell-side analysts predict that Wabash National Co. will post 1.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, April 4th. Wabash National’s dividend payout ratio is 16.85%.
Several research analysts have weighed in on WNC shares. OTR Global lowered shares of Wabash National to a “positive” rating in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Sunday, January 21st. ValuEngine upgraded shares of Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus reiterated a “hold” rating on shares of Wabash National in a research note on Friday, December 22nd. Finally, BMO Capital Markets boosted their target price on shares of Wabash National to $24.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $25.80.
In other Wabash National news, CEO Richard J. Giromini sold 58,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $25.04, for a total value of $1,459,832.00. Following the completion of the sale, the chief executive officer now directly owns 803,680 shares of the company’s stock, valued at $20,124,147.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.
About Wabash National
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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