Wabash National Corporation (WNC) Shares Bought by Royce & Associates LP
Royce & Associates LP raised its position in Wabash National Corporation (NYSE:WNC) by 1,398.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,948,000 shares of the company’s stock after buying an additional 1,818,000 shares during the period. Royce & Associates LP’s holdings in Wabash National Corporation were worth $30,817,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas raised its stake in Wabash National Corporation by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,136 shares of the company’s stock valued at $116,000 after buying an additional 984 shares in the last quarter. Geneva Advisors LLC purchased a new stake in Wabash National Corporation during the third quarter valued at about $150,000. Campbell & CO Investment Adviser LLC purchased a new stake in Wabash National Corporation during the third quarter valued at about $164,000. MSI Financial Services Inc raised its stake in Wabash National Corporation by 3,766.5% in the third quarter. MSI Financial Services Inc now owns 15,698 shares of the company’s stock valued at $224,000 after buying an additional 15,292 shares in the last quarter. Finally, NEXT Financial Group Inc raised its stake in Wabash National Corporation by 176.1% in the third quarter. NEXT Financial Group Inc now owns 18,915 shares of the company’s stock valued at $269,000 after buying an additional 12,065 shares in the last quarter.
Shares of Wabash National Corporation (NYSE:WNC) traded down 0.15% during trading on Friday, reaching $20.65. 358,205 shares of the company traded hands. The firm’s 50-day moving average is $18.31 and its 200-day moving average is $14.80. The stock has a market capitalization of $1.27 billion, a PE ratio of 11.35 and a beta of 1.87. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $21.69.
Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings data on Tuesday, January 31st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by $0.01. The company earned $462.06 million during the quarter, compared to the consensus estimate of $451.24 million. Wabash National Corporation had a return on equity of 25.54% and a net margin of 6.47%. The business’s revenue was down 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities analysts predict that Wabash National Corporation will post $1.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, January 3rd. Wabash National Corporation’s dividend payout ratio is 13.19%.
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Several analysts recently issued reports on WNC shares. Zacks Investment Research lowered shares of Wabash National Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 20th. Aegis started coverage on shares of Wabash National Corporation in a research report on Friday, December 9th. They set a “buy” rating and a $21.00 price target on the stock. Stifel Nicolaus upgraded shares of Wabash National Corporation from a “sell” rating to a “hold” rating and increased their price target for the stock from $11.00 to $17.00 in a research report on Thursday, January 26th. BMO Capital Markets reiterated a “hold” rating and set a $12.00 price target on shares of Wabash National Corporation in a research report on Friday, January 13th. Finally, Piper Jaffray Companies lowered shares of Wabash National Corporation from an “overweight” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Wabash National Corporation has a consensus rating of “Hold” and an average target price of $18.14.
In other Wabash National Corporation news, CEO Richard J. Giromini sold 90,000 shares of Wabash National Corporation stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $15.50, for a total value of $1,395,000.00. Following the sale, the chief executive officer now owns 692,625 shares of the company’s stock, valued at $10,735,687.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry J. Magee sold 9,888 shares of Wabash National Corporation stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $21.38, for a total transaction of $211,405.44. Following the completion of the sale, the director now directly owns 91,773 shares in the company, valued at approximately $1,962,106.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,671 shares of company stock worth $2,632,548. Insiders own 2.90% of the company’s stock.
About Wabash National Corporation
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations.
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