Jacobs Levy Equity Management Inc. Invests $963,000 in Wabash National Co. (NYSE:WNC)

Jacobs Levy Equity Management Inc. bought a new position in shares of Wabash National Co. (NYSE:WNC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 56,194 shares of the company's stock, valued at approximately $963,000. Jacobs Levy Equity Management Inc. owned 0.13% of Wabash National at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its stake in Wabash National by 121.4% during the third quarter. Barclays PLC now owns 163,251 shares of the company's stock valued at $3,132,000 after buying an additional 89,522 shares during the period. Inspire Investing LLC grew its holdings in shares of Wabash National by 8.7% during the fourth quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock worth $399,000 after purchasing an additional 1,860 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Wabash National by 6.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company's stock worth $1,220,000 after purchasing an additional 4,064 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Wabash National in the fourth quarter valued at approximately $25,688,000. Finally, EMC Capital Management lifted its position in Wabash National by 88.1% during the fourth quarter. EMC Capital Management now owns 8,250 shares of the company's stock valued at $141,000 after purchasing an additional 3,864 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Wabash National Price Performance

Shares of NYSE WNC traded down $0.08 during trading hours on Tuesday, reaching $9.68. 443,289 shares of the stock traded hands, compared to its average volume of 792,424. The company's 50-day simple moving average is $10.00 and its two-hundred day simple moving average is $14.07. The company has a market capitalization of $405.30 million, a P/E ratio of -1.48 and a beta of 1.57. Wabash National Co. has a 52-week low of $6.78 and a 52-week high of $24.03. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10.

Wabash National (NYSE:WNC - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.32). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. The business had revenue of $380.89 million for the quarter, compared to the consensus estimate of $414.55 million. During the same period in the prior year, the business posted $0.39 EPS. Wabash National's revenue for the quarter was down 26.1% on a year-over-year basis. Equities research analysts forecast that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, July 3rd. Wabash National's dividend payout ratio is -20.65%.

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.