Metropolitan Life Insurance Co. NY lessened its position in Wabash National (NYSE:WNC) by 56.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,464 shares of the company’s stock after selling 22,281 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Wabash National were worth $379,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. KBC Group NV raised its holdings in shares of Wabash National by 21.1% in the 4th quarter. KBC Group NV now owns 165,321 shares of the company’s stock valued at $3,587,000 after buying an additional 28,753 shares during the period. GSA Capital Partners LLP purchased a new stake in Wabash National during the 3rd quarter worth about $1,511,000. Caxton Associates LP purchased a new stake in Wabash National during the 4th quarter worth about $373,000. UBS Asset Management Americas Inc. increased its holdings in Wabash National by 12.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 29,993 shares of the company’s stock worth $651,000 after purchasing an additional 3,291 shares during the period. Finally, BlackRock Inc. increased its holdings in Wabash National by 3.7% during the 4th quarter. BlackRock Inc. now owns 7,498,565 shares of the company’s stock worth $162,718,000 after purchasing an additional 264,512 shares during the period.
Several equities research analysts have weighed in on WNC shares. ValuEngine upgraded Wabash National from a “buy” rating to a “strong-buy” rating in a 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 target on the stock in a report on Sunday, January 21st. OTR Global upgraded Wabash National to a “positive” rating in a report on Thursday, March 1st. Seaport Global Securities reiterated a “neutral” rating on shares of Wabash National in a report on Tuesday, January 16th. Finally, Stifel Nicolaus set a $25.00 price objective on Wabash National and gave the company a “hold” rating in a report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.80.
Wabash National (NYSE:WNC) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. The business had revenue of $543.40 million for the quarter, compared to the consensus estimate of $517.96 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. research analysts expect that Wabash National will post 1.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 5th will be given 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 1.40%. Wabash National’s dividend payout ratio (DPR) is presently 21.74%.
In related news, CEO Richard J. Giromini sold 58,300 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 803,680 shares of the company’s stock, valued at approximately $20,124,147.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.
Wabash National Company Profile
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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