Tradewinds Capital Management LLC Buys New Shares in Wabash National Co. (NYSE:WNC)

Tradewinds Capital Management LLC bought a new stake in shares of Wabash National Co. (NYSE:WNC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,600 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. bought a new stake in shares of Wabash National in the 4th quarter worth $35,491,000. Wasatch Advisors LP grew its stake in shares of Wabash National by 66.9% in the 1st quarter. Wasatch Advisors LP now owns 1,380,766 shares of the company’s stock worth $41,340,000 after acquiring an additional 553,500 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Wabash National by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,365 shares of the company’s stock worth $20,428,000 after acquiring an additional 6,682 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Wabash National by 12.7% in the 3rd quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock worth $11,559,000 after acquiring an additional 61,887 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Wabash National by 383.5% in the 4th quarter. Clearbridge Investments LLC now owns 513,784 shares of the company’s stock worth $13,163,000 after acquiring an additional 407,518 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. DA Davidson reiterated a “neutral” rating and issued a $23.00 target price on shares of Wabash National in a research note on Monday, June 24th. StockNews.com lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Wabash National Stock Performance

NYSE WNC traded up $0.11 during trading on Wednesday, hitting $21.87. 158,289 shares of the company’s stock traded hands, compared to its average volume of 605,224. The stock has a market capitalization of $984.59 million, a price-to-earnings ratio of 5.28 and a beta of 1.56. Wabash National Co. has a 12-month low of $20.09 and a 12-month high of $30.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.11 and a current ratio of 1.87. The business has a 50 day moving average of $22.15 and a 200-day moving average of $24.94.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $515.28 million for the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%. As a group, equities research analysts anticipate that Wabash National Co. will post 2.17 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, July 3rd. Wabash National’s payout ratio is 7.69%.

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.