AlphaQuest LLC Purchases 66,176 Shares of Wabash National Corporation $WNC

AlphaQuest LLC grew its position in Wabash National Corporation (NYSE:WNC) by 423.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 81,801 shares of the company’s stock after purchasing an additional 66,176 shares during the period. AlphaQuest LLC’s holdings in Wabash National were worth $807,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in Wabash National in the 2nd quarter worth about $32,629,000. Millennium Management LLC grew its stake in shares of Wabash National by 864.3% during the first quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock valued at $5,078,000 after buying an additional 411,889 shares during the last quarter. CenterBook Partners LP raised its holdings in shares of Wabash National by 263.6% in the second quarter. CenterBook Partners LP now owns 494,457 shares of the company’s stock worth $5,256,000 after buying an additional 358,478 shares during the period. Jane Street Group LLC lifted its stake in shares of Wabash National by 204.3% during the 1st quarter. Jane Street Group LLC now owns 463,191 shares of the company’s stock worth $5,118,000 after acquiring an additional 310,998 shares during the last quarter. Finally, VELA Investment Management LLC lifted its stake in shares of Wabash National by 115.7% during the 2nd quarter. VELA Investment Management LLC now owns 277,206 shares of the company’s stock worth $2,947,000 after acquiring an additional 148,666 shares during the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Trading Up 7.4%

NYSE:WNC opened at $10.88 on Tuesday. The firm has a 50-day simple moving average of $9.54 and a 200-day simple moving average of $9.66. Wabash National Corporation has a one year low of $6.78 and a one year high of $15.66. The firm has a market cap of $440.66 million, a P/E ratio of 1.79 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.86 and a current ratio of 1.35.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Thursday, January 8th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, January 8th. This represents a $0.32 dividend on an annualized basis and a yield of 2.9%. Wabash National’s dividend payout ratio is currently 5.26%.

Analyst Ratings Changes

WNC has been the topic of a number of recent analyst reports. DA Davidson reiterated a “neutral” rating and issued a $9.00 target price on shares of Wabash National in a research note on Friday, December 19th. Zacks Research raised shares of Wabash National from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen raised shares of Wabash National from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. National Bankshares set a $9.00 target price on shares of Wabash National in a research report on Thursday, October 23rd. Finally, Weiss Ratings downgraded shares of Wabash National from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $9.00.

Wabash National 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.