Wabash National Corporation $WNC Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its holdings in shares of Wabash National Corporation (NYSE:WNC) by 24.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 376,013 shares of the company’s stock after selling 118,444 shares during the quarter. CenterBook Partners LP’s holdings in Wabash National were worth $3,711,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WNC. Royal Bank of Canada grew its position in Wabash National by 93.9% in the first quarter. Royal Bank of Canada now owns 30,789 shares of the company’s stock valued at $339,000 after acquiring an additional 14,912 shares in the last quarter. AQR Capital Management LLC grew its holdings in Wabash National by 59.1% during the 1st quarter. AQR Capital Management LLC now owns 224,734 shares of the company’s stock valued at $2,483,000 after purchasing an additional 83,473 shares in the last quarter. Millennium Management LLC increased its stake in Wabash National by 864.3% during the 1st quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock worth $5,078,000 after buying an additional 411,889 shares during the period. Caxton Associates LLP acquired a new position in Wabash National in the 1st quarter worth $166,000. Finally, Empowered Funds LLC boosted its position in Wabash National by 4.2% in the 1st quarter. Empowered Funds LLC now owns 202,429 shares of the company’s stock valued at $2,237,000 after buying an additional 8,205 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Stock Performance

Shares of WNC stock opened at $11.61 on Thursday. Wabash National Corporation has a 12-month low of $6.78 and a 12-month high of $12.94. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.39 and a quick ratio of 0.79. The firm has a market capitalization of $470.23 million, a price-to-earnings ratio of 2.38 and a beta of 1.67. The business has a 50 day simple moving average of $10.14 and a 200 day simple moving average of $9.78.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.16). The company had revenue of $321.45 million for the quarter, compared to the consensus estimate of $318.32 million. Wabash National had a negative return on equity of 22.80% and a net margin of 13.71%.The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) earnings per share. On average, equities research analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be given a $0.08 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.8%. Wabash National’s dividend payout ratio (DPR) is 6.57%.

Analyst Ratings Changes

WNC has been the topic of several analyst reports. National Bank Financial set a $9.00 price objective on Wabash National in a report on Thursday, October 23rd. Zacks Research upgraded shares of Wabash National from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. DA Davidson raised their price objective on shares of Wabash National from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Weiss Ratings upgraded shares of Wabash National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen upgraded Wabash National from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.