Jefferies Financial Group Inc. Buys New Shares in Wabash National Corporation $WNC

Jefferies Financial Group Inc. bought a new position in shares of Wabash National Corporation (NYSE:WNC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 76,924 shares of the company’s stock, valued at approximately $1,038,000.

A number of other large investors have also bought and sold shares of the stock. Sei Investments Co. raised its holdings in shares of Wabash National by 46.4% during the first quarter. Sei Investments Co. now owns 456,328 shares of the company’s stock valued at $3,934,000 after purchasing an additional 144,711 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Wabash National by 17.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock valued at $14,291,000 after buying an additional 247,345 shares during the period. Empowered Funds LLC grew its stake in shares of Wabash National by 40.1% in the 1st quarter. Empowered Funds LLC now owns 589,884 shares of the company’s stock valued at $5,085,000 after buying an additional 168,929 shares during the period. Heartland Advisors Inc. bought a new stake in Wabash National in the 2nd quarter valued at about $4,001,000. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new position in Wabash National during the 2nd quarter worth approximately $9,812,434. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wabash National in a report on Wednesday, August 12th. Wall Street Zen upgraded Wabash National from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. DA Davidson reaffirmed a “buy” rating and set a $20.00 target price on shares of Wabash National in a research report on Monday, August 24th. Citizens Jmp initiated coverage on Wabash National in a report on Wednesday, July 15th. They issued an “outperform” rating and a $25.00 target price on the stock. Finally, National Bank Financial set a $20.00 price target on shares of Wabash National in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.67.

Wabash National Stock Performance

WNC stock opened at $13.32 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 1.75. The firm has a market cap of $542.62 million, a PE ratio of -6.90 and a beta of 1.44. The business has a 50 day moving average of $12.83 and a 200-day moving average of $10.30. Wabash National Corporation has a 12-month low of $6.63 and a 12-month high of $14.32.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.03. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.The business had revenue of $417.24 million for the quarter, compared to analyst estimates of $402.85 million. During the same period last year, the company posted ($0.15) earnings per share. Wabash National’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Wabash National Corporation will post -2.41 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 8th. Wabash National’s dividend payout ratio is -16.58%.

About Wabash National

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.