Oppenheimer & Co. Inc. bought a new stake in shares of Wabash National Co. (NYSE:WNC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 37,580 shares of the company's stock, valued at approximately $644,000. Oppenheimer & Co. Inc. owned about 0.09% of Wabash National at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new position in Wabash National during the 3rd quarter worth approximately $29,000. Inspire Investing LLC increased its stake in Wabash National by 8.7% during the fourth quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock valued at $399,000 after purchasing an additional 1,860 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of 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 purchasing an additional 2,227 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Wabash National in the 3rd quarter worth about $44,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Wabash National by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock valued at $3,600,000 after buying an additional 2,704 shares during the period. 97.05% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, DA Davidson dropped their price objective on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th.
Get Our Latest Research Report on Wabash National
Wabash National Stock Performance
NYSE:WNC traded down $0.66 during midday trading on Monday, reaching $11.67. 1,563,905 shares of the company traded hands, compared to its average volume of 970,662. The firm has a market capitalization of $495.18 million, a price-to-earnings ratio of -1.79 and a beta of 1.64. The company has a fifty day moving average price of $14.46 and a 200 day moving average price of $17.24. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. Wabash National Co. has a twelve month low of $10.34 and a twelve month high of $30.07.
Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) 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 14.72%. During the same quarter last year, the company posted $1.07 EPS. On average, analysts expect that Wabash National Co. will post 0.94 EPS for the current fiscal year.
Wabash National Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National's dividend payout ratio is currently -4.91%.
Insider Buying and Selling at Wabash National
In other news, SVP Michael N. Pettit sold 1,500 shares of the firm's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total transaction of $25,785.00. Following the transaction, the senior vice president now directly owns 117,227 shares of the company's stock, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.78% of the stock is owned by company insiders.
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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