Point72 Asia Singapore Pte. Ltd. Sells 1,802 Shares of Wabash National Co. (NYSE:WNC)

Point72 Asia Singapore Pte. Ltd. lowered its position in Wabash National Co. (NYSE:WNC) by 49.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,832 shares of the company’s stock after selling 1,802 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Wabash National were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WNC. Innealta Capital LLC bought a new position in shares of Wabash National in the 2nd quarter worth $33,000. Point72 Hong Kong Ltd acquired a new position in Wabash National during the second quarter worth $34,000. Tradewinds Capital Management LLC acquired a new position in shares of Wabash National during the first quarter valued at about $48,000. CWM LLC grew its holdings in shares of Wabash National by 353.5% during the second quarter. CWM LLC now owns 2,272 shares of the company’s stock valued at $50,000 after buying an additional 1,771 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Wabash National during the second quarter worth about $66,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “neutral” rating and set a $18.00 price target on shares of Wabash National in a research note on Monday.

Wabash National Trading Up 0.5 %

NYSE WNC opened at $19.19 on Tuesday. 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 firm has a market capitalization of $844.36 million, a P/E ratio of 4.61 and a beta of 1.53. The business has a fifty day simple moving average of $19.61 and a 200 day simple moving average of $22.38. Wabash National Co. has a 12 month low of $17.71 and a 12 month high of $30.07.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The company had revenue of $550.61 million for the quarter, compared to analyst estimates of $594.77 million. During the same period last year, the firm earned $1.54 earnings per share. The firm’s revenue was down 19.8% on a year-over-year basis. On average, analysts predict that Wabash National Co. will post 1.53 EPS for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a yield of 1.67%. Wabash National’s dividend payout ratio (DPR) is currently 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.