Sei Investments Co. Raises Position in Wabash National Corporation $WNC

Sei Investments Co. lifted its holdings in shares of Wabash National Corporation (NYSE:WNC) by 46.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 456,328 shares of the company’s stock after purchasing an additional 144,711 shares during the quarter. Sei Investments Co. owned about 1.12% of Wabash National worth $3,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Wabash National by 17.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock worth $14,291,000 after buying an additional 247,345 shares during the period. Gallacher Capital Management LLC acquired a new stake in Wabash National in the 1st quarter worth about $414,000. Inspire Investing LLC grew its holdings in Wabash National by 9.4% in the 1st quarter. Inspire Investing LLC now owns 59,404 shares of the company’s stock valued at $512,000 after buying an additional 5,102 shares during the period. Pullen Investment Management LLC purchased a new stake in Wabash National in the 1st quarter valued at about $1,846,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Wabash National during the 4th quarter valued at about $130,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Stock Performance

Shares of NYSE:WNC opened at $12.55 on Friday. The business has a 50-day moving average of $11.67 and a two-hundred day moving average of $10.07. The firm has a market capitalization of $511.41 million, a PE ratio of -6.50 and a beta of 1.44. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.31 and a quick ratio of 0.80. Wabash National Corporation has a 12 month low of $6.63 and a 12 month high of $14.32.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.03. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.The business had revenue of $417.24 million for the quarter, compared to analyst estimates of $402.85 million. During the same period in the previous year, the company posted ($0.15) EPS. The company’s revenue was down 9.1% compared to the same quarter last year. As a group, research analysts forecast that Wabash National Corporation will post -2.41 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, July 2nd. Wabash National’s payout ratio is -16.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WNC shares. Wall Street Zen raised shares of Wabash National from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Citizens Jmp assumed coverage on shares of Wabash National in a research report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 price target for the company. Weiss Ratings downgraded shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Finally, DA Davidson reaffirmed a “buy” rating and set a $20.00 price target on shares of Wabash National in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.00.

About Wabash National

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.