BNP Paribas Financial Markets Purchases 36,490 Shares of Wabash National Co. (NYSE:WNC)

BNP Paribas Financial Markets lifted its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 75.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,590 shares of the company's stock after acquiring an additional 36,490 shares during the period. BNP Paribas Financial Markets owned approximately 0.20% of Wabash National worth $1,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its holdings in shares of Wabash National by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,310 shares of the company's stock valued at $684,000 after acquiring an additional 690 shares during the last quarter. Kendall Capital Management grew its position in Wabash National by 4.0% in the 2nd quarter. Kendall Capital Management now owns 31,525 shares of the company's stock worth $689,000 after purchasing an additional 1,200 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in Wabash National in the 3rd quarter worth approximately $27,000. Gladius Capital Management LP purchased a new stake in Wabash National during the 3rd quarter valued at $29,000. Finally, Innealta Capital LLC bought a new position in shares of Wabash National during the 2nd quarter valued at $33,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a "neutral" rating and set a $18.00 target price on shares of Wabash National in a research report on Monday, September 30th.

Wabash National Stock Up 0.1 %

NYSE WNC traded up $0.02 during trading hours on Friday, reaching $19.31. The company's stock had a trading volume of 355,685 shares, compared to its average volume of 390,206. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. Wabash National Co. has a 1 year low of $15.94 and a 1 year high of $30.07. The firm's 50-day moving average price is $18.71 and its 200-day moving average price is $19.89.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The company had revenue of $464.00 million during the quarter, compared to analysts' expectations of $477.35 million. Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The firm's revenue for the quarter was down 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 EPS. As a group, analysts predict that Wabash National Co. will post 1.29 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, January 9th. Wabash National's dividend payout ratio is -5.89%.

Wabash National Company 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.