Wabash National Corporation $WNC Shares Bought by Polaris Capital Management LLC

Polaris Capital Management LLC raised its position in Wabash National Corporation (NYSE:WNC) by 88.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,670 shares of the company’s stock after purchasing an additional 67,800 shares during the quarter. Polaris Capital Management LLC owned about 0.36% of Wabash National worth $1,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC boosted its holdings in Wabash National by 82.6% in the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock valued at $53,000 after purchasing an additional 2,758 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Wabash National by 149.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,915 shares of the company’s stock valued at $172,000 after purchasing an additional 11,924 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Wabash National by 210.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 122,311 shares of the company’s stock valued at $1,207,000 after purchasing an additional 82,879 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Wabash National in the 3rd quarter valued at about $333,000. Finally, Cambria Investment Management L.P. boosted its holdings in Wabash National by 8.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 648,287 shares of the company’s stock valued at $6,399,000 after purchasing an additional 49,536 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Performance

Shares of WNC stock opened at $9.12 on Friday. The firm’s 50 day moving average price is $9.30 and its 200-day moving average price is $9.28. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 1.39. Wabash National Corporation has a one year low of $6.78 and a one year high of $12.94. The firm has a market cap of $370.71 million, a P/E ratio of 1.87 and a beta of 1.67.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, February 4th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.16). Wabash National had a negative return on equity of 22.79% and a net margin of 13.71%.The company had revenue of $321.45 million during the quarter, compared to analyst estimates of $318.32 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The business’s revenue was down 22.9% compared to the same quarter last year. As a group, equities research analysts predict that Wabash National Corporation will post -1.28 EPS for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, April 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 3.5%. Wabash National’s dividend payout ratio is 6.57%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WNC. DA Davidson reiterated a “neutral” rating and issued a $11.00 target price on shares of Wabash National in a report on Thursday, February 19th. Weiss Ratings lowered shares of Wabash National from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, February 24th. Zacks Research upgraded shares of Wabash National from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Wall Street Zen lowered shares of Wabash National from a “hold” rating to a “strong sell” rating in a report on Saturday, February 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $10.00.

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.