AQR Capital Management LLC boosted its position in shares of Wabash National Co. (NYSE:WNC – Free Report) by 12.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 547,322 shares of the company’s stock after buying an additional 61,887 shares during the quarter. AQR Capital Management LLC owned approximately 1.19% of Wabash National worth $11,559,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. S&T Bank PA grew its position in Wabash National by 42.4% during the second quarter. S&T Bank PA now owns 430,675 shares of the company’s stock valued at $11,042,000 after buying an additional 128,314 shares during the period. Quantbot Technologies LP grew its position in shares of Wabash National by 143.4% in the third quarter. Quantbot Technologies LP now owns 38,185 shares of the company’s stock valued at $806,000 after purchasing an additional 22,495 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Wabash National by 9.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after purchasing an additional 49,443 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in shares of Wabash National in the third quarter valued at about $601,000. Finally, Jupiter Asset Management Ltd. grew its position in shares of Wabash National by 109.9% in the third quarter. Jupiter Asset Management Ltd. now owns 161,753 shares of the company’s stock valued at $3,416,000 after purchasing an additional 84,690 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.
Wabash National Stock Performance
WNC opened at $27.90 on Friday. The firm has a market capitalization of $1.26 billion, a PE ratio of 5.80 and a beta of 1.57. Wabash National Co. has a twelve month low of $20.09 and a twelve month high of $29.12. The firm’s 50-day moving average price is $25.77 and its 200 day moving average price is $23.60. The company has a current ratio of 1.93, a quick ratio of 1.17 and a debt-to-equity ratio of 0.72.
Wabash National Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. Wabash National’s payout ratio is presently 6.65%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Wabash National from a “hold” rating to a “buy” rating in a research report on Tuesday.
Check Out Our Latest Report on Wabash National
Insider Buying and Selling
In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares of the company’s stock, valued at $172,805.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares of the company’s stock, valued at $172,805.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by company insiders.
About Wabash National
Wabash National Corporation designs, manufactures, and distributes 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 provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; insulated van bodies; stake bodies; platform truck bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products.
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