Pacer Advisors Inc. purchased a new stake in shares of Wabash National Co. (NYSE:WNC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,499,579 shares of the company's stock, valued at approximately $25,688,000. Pacer Advisors Inc. owned approximately 3.46% of Wabash National as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Kathleen S. Wright Associates Inc. acquired a new position in Wabash National during the third quarter worth $27,000. Gladius Capital Management LP bought a new stake in Wabash National during the third quarter valued at about $29,000. Mackenzie Financial Corp grew its position in shares of Wabash National by 15.6% in the second quarter. Mackenzie Financial Corp now owns 12,431 shares of the company's stock valued at $271,000 after purchasing an additional 1,677 shares during the last quarter. Inspire Investing LLC grew its holdings in Wabash National by 8.7% in the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock valued at $399,000 after buying an additional 1,860 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Wabash National by 18.1% during the third quarter. Quantinno Capital Management LP now owns 14,524 shares of the company's stock worth $279,000 after acquiring an additional 2,227 shares during the period. 97.05% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, SVP Michael N. Pettit sold 1,500 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total value of $25,785.00. Following the sale, the senior vice president now owns 117,227 shares in the company, valued at approximately $2,015,132.13. The trade was a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.78% of the company's stock.
Wabash National Stock Performance
NYSE:WNC remained flat at $15.60 during trading hours on Friday. 1,538,938 shares of the company traded hands, compared to its average volume of 870,263. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12. Wabash National Co. has a 1 year low of $14.87 and a 1 year high of $30.07. The stock's fifty day moving average price is $17.72 and its 200-day moving average price is $18.75. The company has a market capitalization of $676.10 million, a PE ratio of -2.39 and a beta of 1.57.
Wabash National (NYSE:WNC - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 12.65%. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Equities research analysts predict that Wabash National Co. will post 0.95 earnings per share for the current fiscal year.
Wabash National Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were given a $0.08 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.32 annualized dividend and a yield of 2.05%. Wabash National's dividend payout ratio (DPR) is currently -4.91%.
Wabash National Company Profile
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Free Report)
Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.
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