Clark Estates Inc. NY lowered its holdings in Wabash National Co. (NYSE:WNC) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,000 shares of the company’s stock after selling 34,000 shares during the period. Clark Estates Inc. NY owned approximately 0.25% of Wabash National worth $3,190,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. ETRADE Capital Management LLC bought a new position in shares of Wabash National during the 2nd quarter valued at about $257,000. Quantbot Technologies LP bought a new position in shares of Wabash National during the 3rd quarter valued at about $326,000. Yorktown Management & Research Co Inc increased its position in shares of Wabash National by 21.7% during the 3rd 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. UBS Asset Management Americas Inc. increased its position in shares of Wabash National by 15.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 15,497 shares of the company’s stock valued at $341,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Wabash National during the 3rd quarter valued at about $407,000.
WNC has been the topic of several recent research reports. OTR Global lowered Wabash National to a “positive” rating in a research report on Thursday, December 14th. ValuEngine upgraded Wabash National from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Wabash National from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Sunday, January 21st. BMO Capital Markets reiterated a “hold” rating on shares of Wabash National in a research report on Monday, October 23rd. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Wabash National in a research report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $26.40.
Wabash National Co. (WNC) opened at $23.23 on Friday. The company has a market capitalization of $1,370.06, a P/E ratio of 16.83, a PEG ratio of 0.55 and a beta of 1.73. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.03 and a quick ratio of 1.39. Wabash National Co. has a one year low of $18.25 and a one year high of $26.54.
Wabash National (NYSE:WNC) last released its earnings results on Tuesday, January 30th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. The company had revenue of $543.40 million during the quarter, compared to analysts’ expectations of $517.96 million. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. analysts expect that Wabash National Co. will post 1.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th were paid a dividend of $0.075 per share. This is a boost from Wabash National’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.30 dividend on an annualized basis and a yield of 1.29%. Wabash National’s payout ratio is presently 16.85%.
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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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