Mutual Advisors LLC Acquires New Shares in Wabash National Corporation (NYSE:WNC)

Mutual Advisors LLC acquired a new position in Wabash National Corporation (NYSE:WNC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 61,483 shares of the company's stock, valued at approximately $679,000. Mutual Advisors LLC owned 0.15% of Wabash National at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in Wabash National by 255.9% in the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock worth $26,000 after acquiring an additional 1,722 shares in the last quarter. Curat Global LLC bought a new position in Wabash National in the first quarter valued at about $37,000. GAMMA Investing LLC grew its position in Wabash National by 982.1% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock valued at $85,000 after buying an additional 6,973 shares during the period. AlphaQuest LLC grew its position in shares of Wabash National by 332,066.7% during the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock valued at $171,000 after acquiring an additional 9,962 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new stake in Wabash National in the fourth quarter worth about $212,000. 97.05% of the stock is owned by institutional investors.

Wabash National Price Performance

WNC traded up $0.03 on Thursday, hitting $11.18. 490,675 shares of the company's stock traded hands, compared to its average volume of 1,004,635. The company's 50 day simple moving average is $9.72 and its 200-day simple moving average is $11.82. The company has a current ratio of 1.58, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. Wabash National Corporation has a one year low of $6.78 and a one year high of $24.03. The firm has a market cap of $468.11 million, a price-to-earnings ratio of -7.21 and a beta of 1.65.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings data 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 3.93% and a positive return on equity of 3.49%. The company had revenue of $380.89 million for the quarter, compared to the consensus estimate of $414.55 million. During the same quarter in the previous year, the business earned $0.39 EPS. The company's quarterly revenue was down 26.1% on a year-over-year basis. As a group, research analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, July 3rd. Wabash National's dividend payout ratio (DPR) is -20.65%.

Analyst Ratings Changes

Separately, DA Davidson increased their price objective on shares of Wabash National from $7.50 to $9.50 and gave the stock a "neutral" rating in a research note on Monday, June 23rd.

Wabash National 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.