Renaissance Technologies LLC Sells 119,300 Shares of Wabash National Co. (NYSE:WNC)

Renaissance Technologies LLC decreased its stake in shares of Wabash National Co. (NYSE:WNC) by 46.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,448 shares of the company’s stock after selling 119,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.31% of Wabash National worth $3,024,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in Wabash National during the 2nd quarter valued at about $33,000. Tradewinds Capital Management LLC purchased a new position in shares of Wabash National in the 1st quarter worth approximately $48,000. CWM LLC grew its position in shares of Wabash National by 353.5% in the 2nd quarter. CWM LLC now owns 2,272 shares of the company’s stock worth $50,000 after buying an additional 1,771 shares during the last quarter. EntryPoint Capital LLC grew its position in shares of Wabash National by 240.8% in the 1st quarter. EntryPoint Capital LLC now owns 4,628 shares of the company’s stock worth $139,000 after buying an additional 3,270 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new position in shares of Wabash National in the 2nd quarter worth approximately $220,000. Institutional investors own 97.05% of the company’s stock.

Wabash National Stock Up 0.5 %

NYSE:WNC opened at $19.19 on Tuesday. The company has a market cap of $844.36 million, a PE ratio of 4.58 and a beta of 1.53. Wabash National Co. has a twelve month low of $17.71 and a twelve month high of $30.07. The company has a current ratio of 1.99, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $19.61 and its two-hundred day moving average is $22.38.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $550.61 million for the quarter, compared to the consensus estimate of $594.77 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. Wabash National’s revenue was down 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 EPS. Analysts anticipate that Wabash National Co. will post 1.53 EPS for the current year.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, October 10th. Wabash National’s payout ratio is 7.69%.

Analyst Ratings Changes

Separately, DA Davidson reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of Wabash National in a research report on Monday.

Wabash National Profile

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.