Quantinno Capital Management LP Boosts Stake in Wabash National Co. (NYSE:WNC)

Quantinno Capital Management LP increased its stake in shares of Wabash National Co. (NYSE:WNC) by 18.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,524 shares of the company’s stock after buying an additional 2,227 shares during the quarter. Quantinno Capital Management LP’s holdings in Wabash National were worth $279,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC grew its stake in Wabash National by 353.5% during the 2nd quarter. CWM LLC now owns 2,272 shares of the company’s stock valued at $50,000 after purchasing an additional 1,771 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Wabash National in the second quarter valued at approximately $239,000. Raymond James & Associates increased its holdings in Wabash National by 42.4% in the 2nd quarter. Raymond James & Associates now owns 202,034 shares of the company’s stock worth $4,412,000 after buying an additional 60,178 shares during the period. SummerHaven Investment Management LLC raised its position in Wabash National by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,310 shares of the company’s stock worth $684,000 after buying an additional 690 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in Wabash National during the 2nd quarter valued at approximately $266,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “neutral” rating and issued a $18.00 price objective on shares of Wabash National in a research note on Monday, September 30th.

Wabash National Stock Performance

Shares of WNC stock opened at $18.60 on Monday. The stock has a market cap of $806.07 million, a PE ratio of -3.43 and a beta of 1.54. Wabash National Co. has a 52-week low of $15.94 and a 52-week high of $30.07. The business has a 50-day simple moving average of $18.83 and a 200-day simple moving average of $19.80. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97.

Wabash National (NYSE:WNC) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The firm had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $477.35 million. During the same period last year, the firm earned $1.16 earnings per share. Wabash National’s revenue for the quarter was down 26.7% compared to the same quarter last year. On average, equities analysts expect that Wabash National Co. will post 1.29 EPS for the current year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, January 9th. Wabash National’s payout ratio is currently -5.89%.

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.