Wabash National Corporation $WNC Shares Sold by CenterBook Partners LP

CenterBook Partners LP lessened its position in Wabash National Corporation (NYSE:WNC) by 24.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 376,013 shares of the company’s stock after selling 118,444 shares during the quarter. CenterBook Partners LP owned approximately 0.93% of Wabash National worth $3,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Wabash National by 55.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,710 shares of the company’s stock worth $39,000 after buying an additional 1,331 shares during the period. Raymond James Financial Inc. grew its stake in shares of Wabash National by 12.6% in the second quarter. Raymond James Financial Inc. now owns 18,519 shares of the company’s stock worth $197,000 after acquiring an additional 2,078 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Wabash National by 1.0% during the third quarter. Federated Hermes Inc. now owns 289,968 shares of the company’s stock worth $2,862,000 after acquiring an additional 2,833 shares during the period. Strs Ohio raised its stake in shares of Wabash National by 6.0% in the third quarter. Strs Ohio now owns 55,000 shares of the company’s stock valued at $543,000 after acquiring an additional 3,100 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of Wabash National by 29.6% in the second quarter. State of Wyoming now owns 26,064 shares of the company’s stock valued at $277,000 after acquiring an additional 5,960 shares in the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Stock Down 1.5%

WNC stock opened at $11.61 on Thursday. Wabash National Corporation has a 52 week low of $6.78 and a 52 week high of $12.94. The company has a current ratio of 1.39, a quick ratio of 0.79 and a debt-to-equity ratio of 1.21. The company has a market cap of $470.23 million, a P/E ratio of 2.38 and a beta of 1.67. The company’s 50-day moving average price is $10.14 and its 200 day moving average price is $9.78.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, February 4th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.16). The firm had revenue of $321.45 million during the quarter, compared to analysts’ expectations of $318.32 million. Wabash National had a net margin of 13.71% and a negative return on equity of 22.80%. The company’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. On average, research analysts expect that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, April 2nd. Wabash National’s payout ratio is presently 6.57%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WNC shares. DA Davidson lifted their price target on shares of Wabash National from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Zacks Research upgraded shares of Wabash National from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings upgraded shares of Wabash National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Wall Street Zen raised Wabash National from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, National Bank Financial set a $9.00 price target on Wabash National in a research note on Thursday, October 23rd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.00.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.