D.A. Davidson & CO. Makes New $333,000 Investment in Wabash National Corporation (NYSE:WNC)

D.A. Davidson & CO. bought a new position in Wabash National Corporation (NYSE:WNC - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,132 shares of the company's stock, valued at approximately $333,000. D.A. Davidson & CO. owned 0.07% of Wabash National as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Wabash National by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 925,952 shares of the company's stock valued at $15,862,000 after purchasing an additional 69,514 shares in the last quarter. Raymond James Financial Inc. bought a new position in Wabash National in the fourth quarter valued at $2,827,000. Amundi grew its position in Wabash National by 182.8% in the fourth quarter. Amundi now owns 21,263 shares of the company's stock valued at $358,000 after purchasing an additional 13,745 shares in the last quarter. AlphaQuest LLC grew its position in Wabash National by 332,066.7% in the fourth quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock valued at $171,000 after purchasing an additional 9,962 shares in the last quarter. Finally, Sei Investments Co. grew its position in Wabash National by 3.7% in the fourth quarter. Sei Investments Co. now owns 279,850 shares of the company's stock valued at $4,794,000 after purchasing an additional 10,055 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised their target price on shares of Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a research report on Monday, June 23rd.

Wabash National Stock Performance

Shares of WNC traded down $0.24 during midday trading on Tuesday, reaching $9.98. The stock had a trading volume of 497,762 shares, compared to its average volume of 785,485. The firm has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $11.66. 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 $417.86 million, a PE ratio of -6.44 and a beta of 1.65. 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 (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $380.89 million during the quarter, compared to the consensus estimate of $414.55 million. During the same period last year, the business earned $0.39 EPS. The business's revenue was down 26.1% on a year-over-year basis. As a group, sell-side 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. Stockholders of record on Thursday, July 3rd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, July 3rd. Wabash National's dividend payout ratio (DPR) is presently -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.