D. E. Shaw & Co. Inc. Buys 99,360 Shares of Wabash National Co. (NYSE:WNC)

D. E. Shaw & Co. Inc. increased its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,059,674 shares of the company's stock after buying an additional 99,360 shares during the period. D. E. Shaw & Co. Inc. owned 2.45% of Wabash National worth $18,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WNC. Pacer Advisors Inc. bought a new position in shares of Wabash National during the 4th quarter worth approximately $25,688,000. First Trust Advisors LP lifted its holdings in Wabash National by 22.5% during the 4th quarter. First Trust Advisors LP now owns 1,468,605 shares of the company's stock valued at $25,157,000 after purchasing an additional 269,846 shares during the last quarter. Norges Bank acquired a new stake in Wabash National during the 4th quarter valued at $4,341,000. Raymond James Financial Inc. bought a new position in Wabash National during the fourth quarter worth $2,827,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Wabash National by 163.9% in the fourth quarter. JPMorgan Chase & Co. now owns 256,471 shares of the company's stock valued at $4,393,000 after purchasing an additional 159,278 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson cut their target price on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, February 24th.

Wabash National Stock Performance

WNC stock traded up $0.27 during mid-day trading on Friday, hitting $9.66. 558,687 shares of the company were exchanged, compared to its average volume of 792,148. Wabash National Co. has a 1-year low of $6.78 and a 1-year high of $24.03. The stock has a market capitalization of $404.25 million, a PE ratio of -1.48 and a beta of 1.57. The business has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $14.23. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.32). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. The firm had revenue of $380.89 million during the quarter, compared to the consensus estimate of $414.55 million. During the same quarter last year, the firm earned $0.39 earnings per share. The business's revenue for the quarter was down 26.1% compared to the same quarter last year. On average, equities analysts forecast that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, July 3rd. Wabash National's dividend payout ratio is currently -20.65%.

Wabash National Company Profile

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.