Canada Pension Plan Investment Board Makes New $266,000 Investment in Wabash National Co. (NYSE:WNC)

Canada Pension Plan Investment Board purchased a new stake in shares of Wabash National Co. (NYSE:WNC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 15,500 shares of the company’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WNC. Barclays PLC lifted its holdings in Wabash National by 121.4% during the 3rd quarter. Barclays PLC now owns 163,251 shares of the company’s stock worth $3,132,000 after buying an additional 89,522 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Wabash National during the fourth quarter valued at $2,827,000. Oppenheimer & Co. Inc. bought a new position in Wabash National in the fourth quarter valued at about $644,000. Norges Bank acquired a new stake in Wabash National in the fourth quarter worth about $4,341,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Wabash National by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 925,952 shares of the company’s stock worth $15,862,000 after purchasing an additional 69,514 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Stock Performance

Shares of Wabash National stock opened at $10.03 on Friday. Wabash National Co. has a 52 week low of $9.00 and a 52 week high of $24.77. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The stock has a market capitalization of $424.14 million, a price-to-earnings ratio of -1.54 and a beta of 1.49. The firm has a fifty day moving average of $10.87 and a two-hundred day moving average of $15.13.

Wabash National (NYSE:WNC) last issued its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same period in the prior year, the firm posted $1.07 EPS. As a group, equities research analysts predict that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.32 annualized dividend and a yield of 3.19%. Wabash National’s dividend payout ratio (DPR) is presently -4.91%.

Analysts Set New Price Targets

Separately, DA Davidson reduced their target price on shares of Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th.

About Wabash National

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.