Public Employees Retirement System of Ohio Acquires Shares of 73,901 Wabash National Corporation $WNC

Public Employees Retirement System of Ohio acquired a new stake in Wabash National Corporation (NYSE:WNC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 73,901 shares of the company’s stock, valued at approximately $998,000. Public Employees Retirement System of Ohio owned about 0.18% of Wabash National at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WNC. Sei Investments Co. lifted its position in Wabash National by 46.4% during the first quarter. Sei Investments Co. now owns 456,328 shares of the company’s stock valued at $3,934,000 after purchasing an additional 144,711 shares during the period. Dimensional Fund Advisors LP grew its position in Wabash National by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock worth $14,291,000 after purchasing an additional 247,345 shares during the period. Heartland Advisors Inc. acquired a new stake in Wabash National during the 2nd quarter worth about $4,001,000. BlackRock Inc. purchased a new position in shares of Wabash National during the 2nd quarter valued at about $47,125,000. Finally, Empowered Funds LLC raised its stake in shares of Wabash National by 40.1% during the 1st quarter. Empowered Funds LLC now owns 589,884 shares of the company’s stock valued at $5,085,000 after buying an additional 168,929 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Stock Performance

NYSE WNC opened at $13.62 on Wednesday. The stock has a market capitalization of $554.88 million, a price-to-earnings ratio of -7.06 and a beta of 1.45. Wabash National Corporation has a twelve month low of $6.63 and a twelve month high of $14.47. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average of $12.91 and a 200 day moving average of $10.40.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.03. The company had revenue of $417.24 million for the quarter, compared to the consensus estimate of $402.85 million. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.Wabash National’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.15) earnings per share. Sell-side analysts anticipate that Wabash National Corporation will post -2.41 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a yield of 2.3%. Wabash National’s dividend payout ratio (DPR) is currently -16.58%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WNC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Wabash National in a research note on Wednesday, August 12th. Wall Street Zen raised Wabash National from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. DA Davidson reissued a “buy” rating and issued a $20.00 price target on shares of Wabash National in a report on Monday, August 24th. Citizens Jmp assumed coverage on Wabash National in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $25.00 price objective on the stock. Finally, National Bank Financial set a $20.00 target price on shares of Wabash National in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Wabash National currently has a consensus rating of “Hold” and an average target price of $21.67.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.