State of Tennessee Treasury Department reduced its position in Wabash National Co. (NYSE:WNC) by 15.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,185 shares of the company’s stock after selling 8,642 shares during the period. State of Tennessee Treasury Department owned approximately 0.08% of Wabash National worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Wabash National in the 3rd quarter worth $326,000. Yorktown Management & Research Co Inc boosted its stake in shares of Wabash National by 21.7% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock worth $333,000 after buying an additional 2,600 shares during the last quarter. ETRADE Capital Management LLC boosted its stake in shares of Wabash National by 25.1% in the 3rd quarter. ETRADE Capital Management LLC now owns 14,622 shares of the company’s stock worth $334,000 after buying an additional 2,930 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Wabash National in the 3rd quarter worth $407,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Wabash National in the 4th quarter worth $438,000.
A number of research firms have recently issued reports on WNC. BMO Capital Markets raised their price target on Wabash National to $24.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their price target on Wabash National from $23.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. Zacks Investment Research downgraded Wabash National from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. OTR Global upgraded Wabash National to a “positive” rating in a research note on Thursday, March 1st. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Wabash National in a research report on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.40.
Wabash National (NYSE:WNC) last released its earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The company had revenue of $543.40 million for the quarter, compared to the consensus estimate of $517.96 million. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. Wabash National’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. equities analysts anticipate that Wabash National Co. will post 1.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 5th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.30 annualized dividend and a yield of 1.37%. Wabash National’s dividend payout ratio (DPR) is presently 14.22%.
In related news, CEO Richard J. Giromini sold 58,300 shares of Wabash National stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total transaction of $1,459,832.00. Following the transaction, the chief executive officer now directly owns 803,680 shares in the company, valued at $20,124,147.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.
About Wabash National
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.
Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.