Louisiana State Employees Retirement System Acquires 100 Shares of Wabash National Corporation (WNC)
Louisiana State Employees Retirement System raised its stake in Wabash National Corporation (NYSE:WNC) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 24,500 shares of the company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Wabash National Corporation were worth $539,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in shares of Wabash National Corporation during the fourth quarter valued at approximately $445,000. Norges Bank purchased a new position in shares of Wabash National Corporation during the fourth quarter valued at approximately $1,028,000. Teachers Advisors LLC boosted its position in shares of Wabash National Corporation by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 784,721 shares of the company’s stock valued at $12,414,000 after buying an additional 4,064 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Wabash National Corporation by 14.1% in the fourth quarter. Macquarie Group Ltd. now owns 296,282 shares of the company’s stock valued at $4,687,000 after buying an additional 36,581 shares in the last quarter. Finally, James Investment Research Inc. boosted its position in shares of Wabash National Corporation by 176.0% in the first quarter. James Investment Research Inc. now owns 217,885 shares of the company’s stock valued at $4,508,000 after buying an additional 138,955 shares in the last quarter.
Shares of Wabash National Corporation (WNC) traded up 5.40% during trading on Thursday, reaching $20.70. 492,235 shares of the company traded hands. The company’s 50-day moving average price is $21.30 and its 200-day moving average price is $20.88. The company has a market capitalization of $1.22 billion, a P/E ratio of 13.35 and a beta of 1.78. Wabash National Corporation has a 52 week low of $10.74 and a 52 week high of $24.16.
Wabash National Corporation (NYSE:WNC) last released its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The firm had revenue of $435.90 million during the quarter, compared to analysts’ expectations of $436.85 million. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The company’s revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. Equities research analysts forecast that Wabash National Corporation will post $1.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 6th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, June 2nd. Wabash National Corporation’s dividend payout ratio is 15.48%.
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Several equities analysts recently commented on WNC shares. Aegis boosted their price objective on shares of Wabash National Corporation from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday. Craig Hallum raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 price objective on shares of Wabash National Corporation in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Wabash National Corporation has an average rating of “Hold” and a consensus price target of $20.57.
Wabash National Corporation Company Profile
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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