Universal Beteiligungs und Servicegesellschaft mbH Buys New Stake in Wabash National Co. (NYSE:WNC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Wabash National Co. (NYSE:WNC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 165,100 shares of the company's stock, valued at approximately $2,828,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.39% of Wabash National at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WNC. First Trust Advisors LP raised its position in Wabash National by 22.5% in the fourth quarter. First Trust Advisors LP now owns 1,468,605 shares of the company's stock worth $25,157,000 after acquiring an additional 269,846 shares during the period. Norges Bank bought a new position in Wabash National in the fourth quarter worth approximately $4,341,000. Raymond James Financial Inc. bought a new position in Wabash National in the fourth quarter worth approximately $2,827,000. JPMorgan Chase & Co. raised its position in Wabash National by 163.9% in the fourth quarter. JPMorgan Chase & Co. now owns 256,471 shares of the company's stock worth $4,393,000 after acquiring an additional 159,278 shares during the period. Finally, Clearbridge Investments LLC raised its position in Wabash National by 28.6% in the fourth quarter. Clearbridge Investments LLC now owns 646,912 shares of the company's stock worth $11,082,000 after acquiring an additional 143,899 shares during the period. 97.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson reduced their price objective 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 Price Performance

Shares of NYSE WNC traded up $0.45 during midday trading on Friday, reaching $9.40. The stock had a trading volume of 507,453 shares, compared to its average volume of 796,680. The stock has a 50-day moving average of $9.39 and a 200-day moving average of $13.22. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The company has a market capitalization of $393.37 million, a price-to-earnings ratio of -1.44 and a beta of 1.61. Wabash National Co. has a 12-month low of $6.78 and a 12-month high of $24.03.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $380.89 million during the quarter, compared to analysts' expectations of $414.55 million. Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The business's revenue for the quarter was down 26.1% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. As a group, research analysts anticipate that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

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 paid a $0.08 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.41%. Wabash National's dividend payout ratio (DPR) is presently -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.