1,600 Shares in Wabash National Co. (NYSE:WNC) Bought by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC purchased a new position in Wabash National Co. (NYSE:WNC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,600 shares of the company’s stock, valued at approximately $48,000.

Other institutional investors also recently bought and sold shares of the company. Clearbridge Investments LLC increased its stake in Wabash National by 383.5% in the fourth quarter. Clearbridge Investments LLC now owns 513,784 shares of the company’s stock worth $13,163,000 after purchasing an additional 407,518 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Wabash National in the third quarter worth $1,595,000. Millrace Asset Group Inc. purchased a new stake in Wabash National in the fourth quarter worth $1,487,000. AQR Capital Management LLC increased its stake in Wabash National by 12.7% in the third quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock worth $11,559,000 after purchasing an additional 61,887 shares during the period. Finally, American Century Companies Inc. increased its stake in Wabash National by 99.0% in the third quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock worth $5,582,000 after purchasing an additional 131,512 shares during the period. 97.05% of the stock is currently owned by institutional investors.

Wabash National Stock Up 0.5 %

Shares of Wabash National stock traded up $0.11 during trading on Wednesday, hitting $21.87. 158,289 shares of the stock traded hands, compared to its average volume of 605,224. The firm has a market cap of $984.59 million, a P/E ratio of 5.28 and a beta of 1.56. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. Wabash National Co. has a 52-week low of $20.09 and a 52-week high of $30.07. The stock’s fifty day simple moving average is $22.15 and its 200 day simple moving average is $24.94.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The firm had revenue of $515.28 million for the quarter. On average, equities analysts predict that Wabash National Co. will post 2.17 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd will be paid a $0.08 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.32 annualized dividend and a yield of 1.46%. Wabash National’s dividend payout ratio (DPR) is presently 7.69%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com lowered Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. DA Davidson restated a “neutral” rating and set a $23.00 price target on shares of Wabash National in a research note on Monday, June 24th.

Wabash National 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.