Wabash National Co. (WNC) Shares Bought by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. raised its stake in shares of Wabash National Co. (NYSE:WNC) by 36.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,100 shares of the company’s stock after acquiring an additional 5,900 shares during the quarter. Oberweis Asset Management Inc.’s holdings in Wabash National were worth $289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. IMS Capital Management bought a new position in Wabash National during the 3rd quarter valued at $33,000. O Shaughnessy Asset Management LLC boosted its stake in Wabash National by 41.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,311 shares of the company’s stock valued at $83,000 after acquiring an additional 1,836 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Wabash National by 19.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,700 shares of the company’s stock valued at $245,000 after acquiring an additional 2,990 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Wabash National by 4.0% in the 4th quarter. Arizona State Retirement System now owns 86,292 shares of the company’s stock worth $1,129,000 after buying an additional 3,303 shares during the last quarter. Finally, SignalPoint Asset Management LLC lifted its position in shares of Wabash National by 13.4% in the 4th quarter. SignalPoint Asset Management LLC now owns 34,751 shares of the company’s stock worth $455,000 after buying an additional 4,119 shares during the last quarter. Hedge funds and other institutional investors own 96.39% of the company’s stock.

Wabash National stock opened at $13.21 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.34 and a current ratio of 2.02. Wabash National Co. has a 1 year low of $12.25 and a 1 year high of $22.18. The stock has a market capitalization of $728.55 million, a PE ratio of 9.17 and a beta of 1.98.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Tuesday, January 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.09). Wabash National had a return on equity of 17.11% and a net margin of 3.06%. The business had revenue of $610.20 million during the quarter, compared to the consensus estimate of $592.00 million. On average, research analysts expect that Wabash National Co. will post 1.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.42%. Wabash National’s dividend payout ratio (DPR) is presently 22.22%.

A number of research analysts have recently issued reports on WNC shares. Zacks Investment Research downgraded shares of Wabash National from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. ValuEngine downgraded shares of Wabash National from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 12th. Finally, Mizuho restated a “hold” rating and issued a $16.00 price target on shares of Wabash National in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Wabash National has a consensus rating of “Hold” and an average target price of $20.25.

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Wabash National Company Profile

Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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