Alliancebernstein L.P. raised its stake in Wabash National Corporation (NYSE:WNC) by 1.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 95,300 shares of the company’s stock after buying an additional 1,300 shares during the period. Alliancebernstein L.P. owned 0.16% of Wabash National Corporation worth $1,972,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of WNC. Acadian Asset Management LLC boosted its stake in Wabash National Corporation by 702.1% in the first quarter. Acadian Asset Management LLC now owns 2,093,374 shares of the company’s stock valued at $43,312,000 after buying an additional 1,832,390 shares during the last quarter. State Street Corp boosted its stake in Wabash National Corporation by 5.1% in the fourth quarter. State Street Corp now owns 1,405,073 shares of the company’s stock valued at $22,233,000 after buying an additional 68,112 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Wabash National Corporation by 15,627.3% in the first quarter. Victory Capital Management Inc. now owns 924,296 shares of the company’s stock valued at $19,124,000 after buying an additional 918,419 shares during the last quarter. Teachers Advisors LLC boosted its stake in Wabash National Corporation by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 784,721 shares of the company’s stock valued at $12,414,000 after buying an additional 4,064 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Wabash National Corporation by 25.3% in the first quarter. First Trust Advisors LP now owns 516,919 shares of the company’s stock valued at $10,695,000 after buying an additional 104,419 shares during the last quarter.
Wabash National Corporation (NYSE WNC) opened at 22.82 on Thursday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.24 and a beta of 1.82. Wabash National Corporation has a one year low of $10.74 and a one year high of $24.16. The company has a 50-day moving average of $21.52 and a 200-day moving average of $20.54.
Wabash National Corporation (NYSE:WNC) last announced its earnings results on Monday, April 24th. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The company had revenue of $362.70 million during the quarter, compared to the consensus estimate of $371.09 million. Wabash National Corporation had a net margin of 6.37% and a return on equity of 23.44%. Wabash National Corporation’s revenue was down 19.0% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. On average, equities analysts forecast that Wabash National Corporation will post $1.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th will be paid a $0.06 dividend. The ex-dividend date is Friday, June 2nd. This represents a $0.24 annualized dividend and a yield of 1.05%. Wabash National Corporation’s dividend payout ratio (DPR) is 13.95%.
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WNC has been the topic of several research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 price objective on shares of Wabash National Corporation in a research report on Friday, July 7th. BidaskClub raised Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research cut Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National Corporation in a research report on Thursday, April 6th. Finally, ValuEngine raised Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.71.
About Wabash National Corporation
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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