Wabash National Co. (NYSE:WNC) Position Raised by Two Sigma Advisers LP

Two Sigma Advisers LP grew its stake in Wabash National Co. (NYSE:WNC) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 110,141 shares of the company’s stock after acquiring an additional 4,100 shares during the period. Two Sigma Advisers LP owned about 0.20% of Wabash National worth $1,441,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Wabash National by 0.3% in the 4th quarter. BlackRock Inc. now owns 8,296,232 shares of the company’s stock valued at $108,514,000 after buying an additional 26,842 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Wabash National by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,810,110 shares of the company’s stock worth $62,916,000 after purchasing an additional 37,734 shares during the period. Ceredex Value Advisors LLC boosted its stake in Wabash National by 89.5% during the 4th quarter. Ceredex Value Advisors LLC now owns 1,432,023 shares of the company’s stock worth $18,731,000 after purchasing an additional 676,523 shares during the period. Morgan Stanley boosted its stake in Wabash National by 59.2% during the 3rd quarter. Morgan Stanley now owns 1,220,280 shares of the company’s stock worth $22,246,000 after purchasing an additional 453,903 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Wabash National by 7.3% during the 3rd quarter. Mackenzie Financial Corp now owns 708,002 shares of the company’s stock worth $12,907,000 after purchasing an additional 48,421 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wabash National stock traded up $0.65 during mid-day trading on Friday, hitting $15.66. 493,455 shares of the stock were exchanged, compared to its average volume of 433,187. Wabash National Co. has a twelve month low of $12.25 and a twelve month high of $21.37. The stock has a market capitalization of $867.92 million, a P/E ratio of 10.88 and a beta of 1.99. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.02 and a quick ratio of 1.34.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Wabash National had a net margin of 3.06% and a return on equity of 17.11%. The company had revenue of $533.00 million for the quarter, compared to analysts’ expectations of $519.74 million. During the same period last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Wabash National Co. will post 1.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 4th were given a $0.08 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $0.32 annualized dividend and a dividend yield of 2.04%. Wabash National’s dividend payout ratio is presently 22.22%.

A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Wabash National from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. Zacks Investment Research downgraded shares of Wabash National from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Finally, Mizuho reissued a “hold” rating and issued a $16.00 price objective on shares of Wabash National in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Wabash National presently has an average rating of “Hold” and a consensus target price of $19.71.

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About Wabash National

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.

Further Reading: Beige Book

Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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