Curat Global LLC Acquires Shares of 3,350 Wabash National Co. (NYSE:WNC)

Curat Global LLC acquired a new stake in Wabash National Co. (NYSE:WNC) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,350 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors have also recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in shares of Wabash National by 255.9% during the 1st quarter. Parallel Advisors LLC now owns 2,395 shares of the company’s stock worth $26,000 after acquiring an additional 1,722 shares during the period. AlphaQuest LLC lifted its holdings in shares of Wabash National by 332,066.7% during the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company’s stock worth $171,000 after acquiring an additional 9,962 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of Wabash National during the 4th quarter worth approximately $212,000. Entropy Technologies LP bought a new position in Wabash National in the 4th quarter valued at approximately $219,000. Finally, ProShare Advisors LLC bought a new position in Wabash National in the 4th quarter valued at approximately $222,000. Institutional investors own 97.05% of the company’s stock.

Wabash National Trading Up 5.0%

Shares of NYSE WNC opened at $9.40 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. Wabash National Co. has a 52-week low of $6.78 and a 52-week high of $24.03. The firm has a 50 day moving average price of $9.39 and a two-hundred day moving average price of $13.22. The stock has a market cap of $393.37 million, a P/E ratio of -1.44 and a beta of 1.61.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.32). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. The business had revenue of $380.89 million during the quarter, compared to analyst estimates of $414.55 million. During the same quarter last year, the company posted $0.39 earnings per share. The company’s revenue was down 26.1% compared to the same quarter last year. As a group, equities analysts forecast that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Thursday, July 3rd. Wabash National’s dividend payout ratio (DPR) is presently -20.65%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price objective on shares of Wabash National from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th.

Wabash National Company 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.