Wasatch Advisors LP Has $41.34 Million Stock Holdings in Wabash National Co. (NYSE:WNC)

Wasatch Advisors LP raised its position in Wabash National Co. (NYSE:WNC) by 66.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,380,766 shares of the company’s stock after buying an additional 553,500 shares during the quarter. Wasatch Advisors LP’s holdings in Wabash National were worth $41,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WNC. Deutsche Bank AG grew its holdings in Wabash National by 11.7% in the 3rd quarter. Deutsche Bank AG now owns 26,005 shares of the company’s stock valued at $549,000 after buying an additional 2,723 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Wabash National by 36.8% during the 3rd quarter. Hsbc Holdings PLC now owns 33,772 shares of the company’s stock worth $710,000 after purchasing an additional 9,078 shares in the last quarter. Teza Capital Management LLC grew its holdings in shares of Wabash National by 53.5% during the 3rd quarter. Teza Capital Management LLC now owns 17,550 shares of the company’s stock worth $371,000 after purchasing an additional 6,118 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Wabash National by 12.7% during the 3rd quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock worth $11,559,000 after purchasing an additional 61,887 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of Wabash National during the 3rd quarter worth $335,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Price Performance

Wabash National stock opened at $21.77 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $979.86 million, a PE ratio of 5.23 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 stock has a 50-day moving average price of $22.15 and a two-hundred day moving average price of $24.94.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). The firm had revenue of $515.28 million during the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%. Analysts expect that Wabash National Co. will post 2.17 EPS for the current year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.32 annualized dividend and a yield of 1.47%. Wabash National’s dividend payout ratio is presently 7.69%.

Wall Street Analysts Forecast Growth

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