Truvestments Capital LLC Raises Stake in Wabash National Co. (NYSE:WNC)

Truvestments Capital LLC increased its stake in shares of Wabash National Co. (NYSE:WNC) by 42.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 42,874 shares of the company’s stock after buying an additional 12,837 shares during the period. Truvestments Capital LLC’s holdings in Wabash National were worth $734,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WNC. Barclays PLC increased its stake in Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company’s stock worth $3,132,000 after acquiring an additional 89,522 shares during the last quarter. Jane Street Group LLC increased its position in shares of Wabash National by 46.8% during the 3rd quarter. Jane Street Group LLC now owns 160,946 shares of the company’s stock valued at $3,089,000 after purchasing an additional 51,274 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Wabash National during the 3rd quarter valued at about $192,000. BNP Paribas Financial Markets increased its position in shares of Wabash National by 75.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company’s stock valued at $1,623,000 after purchasing an additional 36,490 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Wabash National during the 4th quarter valued at about $25,688,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Price Performance

WNC opened at $11.31 on Wednesday. The stock’s 50 day simple moving average is $14.23 and its 200 day simple moving average is $17.13. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. Wabash National Co. has a 1 year low of $10.34 and a 1 year high of $30.07. The firm has a market cap of $479.94 million, a price-to-earnings ratio of -1.73 and a beta of 1.64.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same period in the prior year, the business earned $1.07 EPS. As a group, analysts predict that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.83%. The ex-dividend date is Thursday, April 3rd. Wabash National’s dividend payout ratio (DPR) is currently -4.91%.

Insiders Place Their Bets

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total value of $25,785.00. Following the completion of the sale, the senior vice president now owns 117,227 shares in the company, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.78% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reduced their price objective on Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.