142,716 Shares in Wabash National Corporation $WNC Purchased by Man Group plc

Man Group plc acquired a new stake in Wabash National Corporation (NYSE:WNCFree Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 142,716 shares of the company’s stock, valued at approximately $1,927,000. Man Group plc owned about 0.35% of Wabash National at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WNC. Allworth Financial LP acquired a new position in Wabash National during the second quarter worth about $45,000. Legal & General Group Plc purchased a new position in shares of Wabash National during the 2nd quarter worth approximately $52,000. CANADA LIFE ASSURANCE Co purchased a new position in shares of Wabash National during the 4th quarter worth approximately $37,000. Quadrant Capital Group LLC raised its position in shares of Wabash National by 515.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock worth $47,000 after purchasing an additional 4,530 shares during the last quarter. Finally, CWM LLC raised its position in shares of Wabash National by 82.6% during the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after purchasing an additional 2,758 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Stock Down 5.1%

Shares of NYSE WNC opened at $12.80 on Wednesday. The firm has a market cap of $521.47 million, a P/E ratio of -6.63 and a beta of 1.44. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 1.31. Wabash National Corporation has a 1 year low of $6.63 and a 1 year high of $14.32. The firm’s 50 day moving average price is $12.86 and its 200 day moving average price is $10.32.

Wabash National (NYSE:WNCGet Free Report) last issued its quarterly earnings results 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 company had revenue of $417.24 million during the quarter, compared to the consensus estimate of $402.85 million. During the same period in the previous year, the firm posted ($0.15) EPS. Wabash National’s revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Wabash National Corporation will post -2.41 earnings per share for the current year.

Wabash National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, October 8th. Wabash National’s dividend payout ratio is presently -16.58%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wabash National in a research note on Wednesday, August 12th. Wall Street Zen raised Wabash National from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. DA Davidson restated a “buy” rating and issued a $20.00 price objective on shares of Wabash National in a research report on Monday, August 24th. Citizens Jmp assumed coverage on Wabash National in a research note on Wednesday, July 15th. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, National Bank Financial set a $20.00 price objective on Wabash National in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Wabash National presently has an average rating of “Hold” and a consensus target price of $21.67.

Read Our Latest Stock Analysis on Wabash National

Wabash National Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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