BlackRock Inc. increased its stake in Wabash National Co. (NYSE:WNC) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,498,565 shares of the company’s stock after buying an additional 264,512 shares during the quarter. BlackRock Inc. owned approximately 12.71% of Wabash National worth $162,718,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Yorktown Management & Research Co Inc boosted its holdings in shares of Wabash National by 21.7% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock valued at $333,000 after buying an additional 2,600 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Wabash National by 1.1% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 249,543 shares of the company’s stock valued at $5,693,000 after buying an additional 2,700 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Wabash National by 4.6% in the 3rd quarter. Pinebridge Investments L.P. now owns 67,067 shares of the company’s stock valued at $1,531,000 after buying an additional 2,927 shares during the last quarter. ETRADE Capital Management LLC boosted its holdings in shares of Wabash National by 25.1% in the 3rd quarter. ETRADE Capital Management LLC now owns 14,622 shares of the company’s stock valued at $334,000 after buying an additional 2,930 shares during the last quarter. Finally, Evanston Investments Inc. dba Evanston Advisors boosted its holdings in shares of Wabash National by 2.3% in the 3rd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 149,441 shares of the company’s stock valued at $3,410,000 after buying an additional 3,372 shares during the last quarter.
In other Wabash National news, CEO Richard J. Giromini sold 58,300 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total transaction of $1,459,832.00. Following the completion of the sale, the chief executive officer now owns 803,680 shares of the company’s stock, valued at approximately $20,124,147.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.
Several equities research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Wabash National to $24.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Stifel Nicolaus increased their price objective on Wabash National from $23.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Zacks Investment Research raised Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, March 16th. OTR Global raised Wabash National to a “positive” rating in a report on Thursday, March 1st. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.80.
Shares of WNC stock opened at $21.47 on Wednesday. Wabash National Co. has a twelve month low of $18.25 and a twelve month high of $26.54. The stock has a market capitalization of $1,262.54, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 0.52 and a beta of 1.82. The company has a current ratio of 2.03, a quick ratio of 1.39 and a debt-to-equity ratio of 1.00.
Wabash National (NYSE:WNC) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. The business had revenue of $543.40 million during the quarter, compared to the consensus estimate of $517.96 million. During the same quarter last year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. equities research analysts expect that Wabash National Co. will post 1.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 4th. Wabash National’s dividend payout ratio is 16.85%.
ILLEGAL ACTIVITY NOTICE: “Wabash National Co. (WNC) Stake Raised by BlackRock Inc.” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://ledgergazette.com/2018/03/21/wabash-national-co-wnc-stake-raised-by-blackrock-inc.html.
About Wabash National
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.