Raymond James Financial Inc. Buys Shares of 165,025 Wabash National Co. (NYSE:WNC)

Raymond James Financial Inc. bought a new stake in Wabash National Co. (NYSE:WNC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 165,025 shares of the company's stock, valued at approximately $2,827,000. Raymond James Financial Inc. owned 0.38% of Wabash National as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. bought a new stake in shares of Wabash National in the 4th quarter worth approximately $25,688,000. Weiss Asset Management LP bought a new stake in Wabash National in the third quarter valued at $3,457,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Wabash National by 43.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company's stock valued at $11,321,000 after acquiring an additional 178,430 shares during the period. Wasatch Advisors LP grew its position in shares of Wabash National by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company's stock worth $35,985,000 after acquiring an additional 117,704 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company's stock worth $3,132,000 after acquiring an additional 89,522 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Price Performance

Shares of WNC traded up $0.21 during mid-day trading on Wednesday, hitting $11.24. The company's stock had a trading volume of 744,008 shares, compared to its average volume of 716,384. The stock has a market capitalization of $477.14 million, a price-to-earnings ratio of -1.72 and a beta of 1.64. Wabash National Co. has a fifty-two week low of $10.34 and a fifty-two week high of $29.59. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. The firm has a 50-day moving average price of $12.51 and a 200 day moving average price of $16.27.

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Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter last year, the firm earned $1.07 earnings per share. On average, research analysts predict that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National's dividend payout ratio (DPR) is -4.91%.

Analysts Set New Price Targets

Separately, DA Davidson reduced their price objective on Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, February 24th.

Wabash National Profile

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.