Y Intercept Hong Kong Ltd Invests $671,000 in Wabash National Corporation (NYSE:WNC)

Key Points

• Y Intercept Hong Kong Ltd made a new investment in Wabash National Corporation, acquiring 60,681 shares valued at approximately $671,000, which accounts for about 0.14% of the company's stock.
• In the first quarter, several other institutional investors also initiated positions in Wabash National, including D.A. Davidson & CO. and Raymond James Financial Inc., contributing to a near-total 97.05% ownership by institutional investors.
• Wabash National recently reported a quarterly EPS of ($0.15), beating estimates, and announced a $0.08 dividend with a 3.20% yield.

Y Intercept Hong Kong Ltd bought a new stake in Wabash National Corporation (NYSE:WNC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 60,681 shares of the company's stock, valued at approximately $671,000. Y Intercept Hong Kong Ltd owned about 0.14% of Wabash National at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WNC. TrueMark Investments LLC purchased a new position in shares of Wabash National in the 1st quarter worth approximately $3,818,000. First Trust Advisors LP grew its holdings 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 purchasing an additional 269,846 shares during the last quarter. Norges Bank acquired a new position in shares of Wabash National during the fourth quarter worth $4,341,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Wabash National during the 4th quarter valued at $2,828,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Wabash National in the 4th quarter worth $2,827,000. 97.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Wabash National Stock Performance

NYSE:WNC traded up $0.43 during trading hours on Monday, hitting $10.40. 1,257,882 shares of the company were exchanged, compared to its average volume of 1,026,707. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.68 and a quick ratio of 1.00. Wabash National Corporation has a 52-week low of $6.78 and a 52-week high of $21.99. The stock has a market capitalization of $435.45 million, a price-to-earnings ratio of -4.30 and a beta of 1.65. The company's 50 day moving average price is $10.08 and its 200-day moving average price is $11.17.

Wabash National (NYSE:WNC - Get Free Report) last released its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.16. The firm had revenue of $458.82 million for the quarter, compared to the consensus estimate of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%. The firm's revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. As a group, research analysts forecast that Wabash National Corporation will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Thursday, July 3rd. Wabash National's payout ratio is -13.22%.

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.