Oppenheimer & Co. Inc. Acquires New Stake in Wabash National Co. (NYSE:WNC)

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.

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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

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.