Public Employees Retirement System of Ohio Purchases New Holdings in Wabash National Corporation $WNC

Public Employees Retirement System of Ohio acquired a new position in Wabash National Corporation (NYSE:WNCFree Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 73,901 shares of the company’s stock, valued at approximately $998,000.

Several other large investors also recently bought and sold shares of WNC. CANADA LIFE ASSURANCE Co acquired a new position in shares of Wabash National during the fourth quarter valued at approximately $37,000. Allworth Financial LP acquired a new stake in shares of Wabash National in the second quarter worth approximately $45,000. Quadrant Capital Group LLC increased its position in shares of Wabash National by 515.4% during the fourth 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 in the last quarter. Legal & General Group Plc acquired a new position in Wabash National in the 2nd quarter valued at $52,000. Finally, BNP Paribas Financial Markets raised its stake in Wabash National by 104.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock valued at $80,000 after purchasing an additional 4,129 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Stock Performance

NYSE WNC opened at $13.62 on Wednesday. The stock’s fifty day moving average is $12.91 and its two-hundred day moving average is $10.40. The firm has a market capitalization of $554.88 million, a P/E ratio of -7.06 and a beta of 1.45. 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 fifty-two week low of $6.63 and a fifty-two week high of $14.47.

Wabash National (NYSE:WNCGet Free Report) last issued its earnings results on Wednesday, July 29th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $417.24 million during the quarter, compared to the consensus estimate of $402.85 million. During the same period last year, the company earned ($0.15) EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, research analysts anticipate that Wabash National Corporation will post -2.41 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 8th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a yield of 2.3%. Wabash National’s payout ratio is -16.58%.

Analysts Set New Price Targets

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

Check Out Our Latest Report on Wabash National

Wabash National Company 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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