American International Group Inc. reduced its position in Wabash National Co. (NYSE:WNC) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,261 shares of the company’s stock after selling 1,810 shares during the quarter. American International Group Inc.’s holdings in Wabash National were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. California Public Employees Retirement System boosted its holdings in shares of Wabash National by 1.1% in the 1st quarter. California Public Employees Retirement System now owns 146,291 shares of the company’s stock valued at $1,982,000 after buying an additional 1,547 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Wabash National by 73.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 84,432 shares of the company’s stock valued at $1,144,000 after buying an additional 35,765 shares in the last quarter. Texas Permanent School Fund boosted its holdings in shares of Wabash National by 2.1% in the 1st quarter. Texas Permanent School Fund now owns 37,447 shares of the company’s stock valued at $507,000 after buying an additional 779 shares in the last quarter. Pearl River Capital LLC bought a new stake in shares of Wabash National in the 1st quarter valued at about $94,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Wabash National in the 1st quarter valued at about $271,000. Institutional investors and hedge funds own 97.10% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research restated a “buy” rating and issued a $18.00 price target on shares of Wabash National in a report on Saturday, May 11th. Mizuho restated a “hold” rating and issued a $16.00 price target on shares of Wabash National in a report on Friday, March 1st. Finally, ValuEngine cut shares of Wabash National from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.50.
NYSE:WNC opened at $14.63 on Thursday. Wabash National Co. has a fifty-two week low of $12.25 and a fifty-two week high of $20.78. The stock has a market capitalization of $818.09 million, a PE ratio of 10.16 and a beta of 1.95. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 1.04.
Wabash National (NYSE:WNC) last released its earnings results on Wednesday, May 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $519.74 million. Wabash National had a net margin of 2.73% and a return on equity of 17.02%. Wabash National’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. As a group, equities research analysts forecast that Wabash National Co. will post 1.62 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 3rd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Tuesday, July 2nd. Wabash National’s dividend payout ratio (DPR) is presently 22.22%.
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Wabash National Company Profile
Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.
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