Karp Capital Management Corp bought a new stake in Wabash National Corporation (NYSE:WNC) during the first quarter, Holdings Channel reports. The fund bought 35,512 shares of the company’s stock, valued at approximately $735,000.

A number of other large investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its stake in Wabash National Corporation by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock valued at $277,000 after buying an additional 200 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Wabash National Corporation by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,040 shares of the company’s stock valued at $523,000 after buying an additional 380 shares during the last quarter. Comerica Bank boosted its stake in Wabash National Corporation by 0.8% in the first quarter. Comerica Bank now owns 66,631 shares of the company’s stock valued at $1,544,000 after buying an additional 517 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Wabash National Corporation by 4.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,930 shares of the company’s stock valued at $221,000 after buying an additional 596 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Wabash National Corporation by 2.7% in the first quarter. Great West Life Assurance Co. Can now owns 87,690 shares of the company’s stock valued at $1,813,000 after buying an additional 2,335 shares during the last quarter.

Institutional Ownership by Quarter for Wabash National Corporation (NYSE:WNC)

Wabash National Corporation (NYSE WNC) opened at 20.87 on Friday. Wabash National Corporation has a 52-week low of $10.74 and a 52-week high of $24.16. The firm’s 50-day moving average price is $21.27 and its 200 day moving average price is $19.41. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 12.11 and a beta of 1.75.

Wabash National Corporation (NYSE:WNC) last released its earnings results on Monday, April 24th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Wabash National Corporation had a return on equity of 23.44% and a net margin of 6.37%. The company had revenue of $362.70 million for the quarter, compared to the consensus estimate of $371.09 million. During the same quarter last year, the business posted $0.42 EPS. Wabash National Corporation’s quarterly revenue was down 19.0% compared to the same quarter last year. On average, equities research analysts forecast that Wabash National Corporation will post $1.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, June 2nd. Wabash National Corporation’s dividend payout ratio is presently 13.95%.

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Several research firms recently weighed in on WNC. Zacks Investment Research cut Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National Corporation in a research report on Thursday, April 6th. BidaskClub raised Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, ValuEngine raised Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.14.

About Wabash National Corporation

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.

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