Gladius Capital Management LP Invests $29,000 in Wabash National Co. (NYSE:WNC)

Gladius Capital Management LP bought a new stake in Wabash National Co. (NYSE:WNC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,496 shares of the company’s stock, valued at approximately $29,000.

A number of other large investors also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new stake in Wabash National in the 3rd quarter valued at $27,000. Innealta Capital LLC acquired a new stake in shares of Wabash National during the second quarter worth $33,000. Point72 Hong Kong Ltd bought a new stake in shares of Wabash National in the second quarter valued at about $34,000. CWM LLC grew its stake in shares of Wabash National by 353.5% in the second quarter. CWM LLC now owns 2,272 shares of the company’s stock valued at $50,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Wabash National during the second quarter worth about $66,000. Institutional investors own 97.05% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “neutral” rating and issued a $18.00 price objective on shares of Wabash National in a report on Monday, September 30th.

Wabash National Stock Performance

Shares of NYSE:WNC opened at $19.16 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12. The business’s 50 day simple moving average is $18.64 and its 200 day simple moving average is $20.29. Wabash National Co. has a 1 year low of $15.94 and a 1 year high of $30.07.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The company had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. During the same quarter in the previous year, the business posted $1.16 EPS. The firm’s revenue for the quarter was down 26.7% on a year-over-year basis. On average, sell-side analysts anticipate that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Company 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.