WINTON GROUP Ltd Reduces Holdings in Wabash National Co. (NYSE:WNC)

WINTON GROUP Ltd trimmed its holdings in shares of Wabash National Co. (NYSE:WNC) by 58.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,236 shares of the company’s stock after selling 43,149 shares during the period. WINTON GROUP Ltd’s holdings in Wabash National were worth $660,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WNC. Innealta Capital LLC purchased a new position in shares of Wabash National during the 2nd quarter worth approximately $33,000. Quadrant Capital Group LLC increased its stake in shares of Wabash National by 61.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $38,000 after purchasing an additional 565 shares in the last quarter. Tradewinds Capital Management LLC purchased a new position in shares of Wabash National during the 1st quarter worth approximately $48,000. CWM LLC increased its stake in shares of Wabash National by 353.5% during the 2nd quarter. CWM LLC now owns 2,272 shares of the company’s stock worth $50,000 after purchasing an additional 1,771 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in shares of Wabash National by 240.8% during the 1st quarter. EntryPoint Capital LLC now owns 4,628 shares of the company’s stock worth $139,000 after purchasing an additional 3,270 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their target price on shares of Wabash National from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, September 9th.

Wabash National Stock Up 0.9 %

WNC stock opened at $19.68 on Wednesday. The stock has a market capitalization of $886.05 million, a P/E ratio of 4.73 and a beta of 1.53. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99. Wabash National Co. has a one year low of $17.71 and a one year high of $30.07. The company has a 50 day moving average price of $20.11 and a two-hundred day moving average price of $22.84.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The firm had revenue of $550.61 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 EPS. As a group, sell-side analysts expect that Wabash National Co. will post 1.53 EPS for the current year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.63%. Wabash National’s dividend payout ratio is presently 7.69%.

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.