Jane Street Group LLC Buys 51,274 Shares of Wabash National Co. (NYSE:WNC)

Jane Street Group LLC boosted its holdings in shares of Wabash National Co. (NYSE:WNC - Free Report) by 46.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 160,946 shares of the company's stock after acquiring an additional 51,274 shares during the quarter. Jane Street Group LLC owned 0.37% of Wabash National worth $3,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Wabash National by 40.0% during the second quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company's stock worth $22,175,000 after purchasing an additional 290,287 shares during the period. BNP Paribas Financial Markets boosted its position in Wabash National by 75.9% during the third quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company's stock valued at $1,623,000 after purchasing an additional 36,490 shares during the last quarter. Raymond James & Associates grew its stake in shares of Wabash National by 42.4% in the 2nd quarter. Raymond James & Associates now owns 202,034 shares of the company's stock valued at $4,412,000 after buying an additional 60,178 shares in the last quarter. VELA Investment Management LLC grew its position in Wabash National by 19.0% in the second quarter. VELA Investment Management LLC now owns 182,102 shares of the company's stock worth $3,977,000 after acquiring an additional 29,011 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Wabash National by 1,311.6% during the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company's stock worth $6,113,000 after purchasing an additional 260,072 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Stock Performance

Wabash National stock traded down $0.09 during mid-day trading on Friday, reaching $17.01. The company had a trading volume of 3,056,784 shares, compared to its average volume of 584,512. Wabash National Co. has a 52 week low of $15.94 and a 52 week high of $30.07. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. The firm has a market cap of $737.16 million, a price-to-earnings ratio of -3.13 and a beta of 1.54. The company has a 50 day moving average of $18.77 and a 200-day moving average of $19.65.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The business had revenue of $464.00 million for the quarter, compared to the consensus estimate of $477.35 million. During the same period in the previous year, the business posted $1.16 earnings per share. Wabash National's revenue was down 26.7% on a year-over-year basis. On average, sell-side analysts expect that Wabash National Co. will post 1.29 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, January 9th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.88%. Wabash National's dividend payout ratio (DPR) is presently -5.89%.

Analyst Upgrades and Downgrades

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

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.