Intech Investment Management LLC Takes $214,000 Position in Wabash National Co. (NYSE:WNC)

Intech Investment Management LLC bought a new position in shares of Wabash National Co. (NYSE:WNC) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 11,140 shares of the company’s stock, valued at approximately $214,000.

Several other large investors have also recently bought and sold shares of WNC. SummerHaven Investment Management LLC raised its stake in shares of Wabash National by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,310 shares of the company’s stock worth $684,000 after purchasing an additional 690 shares in the last quarter. Kendall Capital Management raised its position in Wabash National by 4.0% during the second quarter. Kendall Capital Management now owns 31,525 shares of the company’s stock worth $689,000 after acquiring an additional 1,200 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in Wabash National during the third quarter worth $27,000. Gladius Capital Management LP acquired a new stake in Wabash National in the third quarter valued at $29,000. Finally, Innealta Capital LLC bought a new position in shares of Wabash National in the 2nd quarter valued at about $33,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Stock Performance

Shares of NYSE WNC opened at $19.32 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $837.27 million, a P/E ratio of -3.56 and a beta of 1.54. Wabash National Co. has a 12 month low of $15.94 and a 12 month high of $30.07. The stock has a 50 day moving average of $18.71 and a 200-day moving average of $19.91.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The company had revenue of $464.00 million for the quarter, compared to the consensus estimate of $477.35 million. During the same period last year, the firm earned $1.16 earnings per share. The company’s revenue for the quarter was down 26.7% compared to the same quarter last year. As a group, equities research analysts predict that Wabash National Co. will post 1.29 EPS for the current year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, January 9th will be paid a $0.08 dividend. The ex-dividend date is Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.66%. Wabash National’s dividend payout ratio (DPR) is currently -5.89%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “neutral” rating and issued a $18.00 target price on shares of Wabash National in a report on Monday, September 30th.

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.