TrueMark Investments LLC Invests $3.82 Million in Wabash National Corporation (NYSE:WNC)

TrueMark Investments LLC purchased a new position in shares of Wabash National Corporation (NYSE:WNC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 345,515 shares of the company's stock, valued at approximately $3,818,000. TrueMark Investments LLC owned about 0.82% of Wabash National as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WNC. First Trust Advisors LP increased its stake in shares of Wabash National by 22.5% during the 4th quarter. First Trust Advisors LP now owns 1,468,605 shares of the company's stock worth $25,157,000 after purchasing an additional 269,846 shares during the last quarter. Norges Bank acquired a new position in shares of Wabash National during the 4th quarter worth $4,341,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Wabash National during the 4th quarter worth $2,828,000. Raymond James Financial Inc. acquired a new position in shares of Wabash National during the 4th quarter worth $2,827,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Wabash National by 163.9% during the 4th quarter. JPMorgan Chase & Co. now owns 256,471 shares of the company's stock worth $4,393,000 after purchasing an additional 159,278 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company's stock.

Analyst Ratings Changes

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

Wabash National Stock Performance

NYSE:WNC opened at $10.23 on Monday. Wabash National Corporation has a 1 year low of $6.78 and a 1 year high of $24.03. The firm's fifty day simple moving average is $9.39 and its 200 day simple moving average is $12.43. The company has a current ratio of 1.58, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $428.33 million, a PE ratio of -6.60 and a beta of 1.61.

Wabash National (NYSE:WNC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.58) earnings per share (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 analyst estimates of $414.55 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The business's quarterly revenue was down 26.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.32 annualized dividend and a yield of 3.13%. Wabash National's dividend payout ratio is -20.65%.

About Wabash National

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.

Want to see what other hedge funds are holding WNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wabash National Corporation (NYSE:WNC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.