4,579 Shares in Wabash National Co. (NYSE:WNC) Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new position in Wabash National Co. (NYSE:WNC) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 4,579 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds also recently bought and sold shares of WNC. Innealta Capital LLC purchased a new stake in Wabash National during the second quarter worth $33,000. Tradewinds Capital Management LLC purchased a new stake in Wabash National during the first quarter worth $48,000. CWM LLC lifted its holdings in Wabash National by 353.5% during the second quarter. CWM LLC now owns 2,272 shares of the company’s stock worth $50,000 after buying an additional 1,771 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Wabash National during the second quarter worth $66,000. Finally, EntryPoint Capital LLC lifted its holdings in Wabash National by 240.8% during the first quarter. EntryPoint Capital LLC now owns 4,628 shares of the company’s stock worth $139,000 after buying an additional 3,270 shares during the period. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Stock Performance

Shares of WNC opened at $19.10 on Friday. Wabash National Co. has a 12 month low of $17.71 and a 12 month high of $30.07. The stock has a fifty day moving average price of $19.68 and a 200-day moving average price of $22.51. 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 cap of $840.40 million, a PE ratio of 4.59 and a beta of 1.53.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The firm had revenue of $550.61 million during the quarter, compared to analyst estimates of $594.77 million. During the same quarter in the prior year, the business posted $1.54 EPS. The business’s revenue for the quarter was down 19.8% compared to the same quarter last year. Equities research analysts predict that Wabash National Co. will post 1.53 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders 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 annualized dividend and a dividend yield of 1.68%. Wabash National’s dividend payout ratio is presently 7.69%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their target price on Wabash National from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, September 9th.

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.