Wabash National Corporation $WNC Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Wabash National Corporation (NYSE:WNC) by 46.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 456,328 shares of the company’s stock after acquiring an additional 144,711 shares during the period. Sei Investments Co.’s holdings in Wabash National were worth $3,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WNC. CANADA LIFE ASSURANCE Co acquired a new stake in Wabash National in the fourth quarter valued at approximately $37,000. Quadrant Capital Group LLC boosted its stake in shares of Wabash National by 515.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock valued at $47,000 after purchasing an additional 4,530 shares during the period. CWM LLC grew its holdings in Wabash National by 82.6% during the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock valued at $53,000 after purchasing an additional 2,758 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Wabash National by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock worth $80,000 after buying an additional 4,129 shares during the period. Finally, Alpine Global Management LLC purchased a new stake in Wabash National during the 4th quarter worth $90,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citizens Jmp began coverage on Wabash National in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $25.00 price target on the stock. DA Davidson restated a “buy” rating and set a $20.00 price objective on shares of Wabash National in a research note on Wednesday, July 22nd. Weiss Ratings lowered Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded Wabash National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.00.

Wabash National Stock Performance

Shares of Wabash National stock opened at $12.55 on Friday. The firm has a market cap of $511.41 million, a PE ratio of -6.50 and a beta of 1.44. The firm’s 50-day simple moving average is $11.67 and its 200-day simple moving average is $10.07. 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.

Wabash National (NYSE:WNC) last announced its quarterly earnings data 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 firm had revenue of $417.24 million during the quarter, compared to analyst estimates of $402.85 million. During the same period in the previous year, the company earned ($0.15) earnings per share. Wabash National’s quarterly revenue was down 9.1% on a year-over-year basis. Equities analysts forecast that Wabash National Corporation will post -2.41 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, July 2nd. Wabash National’s payout ratio is -16.58%.

About Wabash National

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.