AlphaQuest LLC Boosts Stock Position in Wabash National Corporation $WNC

AlphaQuest LLC increased its position in Wabash National Corporation (NYSE:WNC) by 423.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,801 shares of the company’s stock after acquiring an additional 66,176 shares during the quarter. AlphaQuest LLC owned about 0.20% of Wabash National worth $807,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in Wabash National by 75.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 81,067 shares of the company’s stock worth $862,000 after buying an additional 34,984 shares in the last quarter. CenterBook Partners LP boosted its stake in shares of Wabash National by 263.6% in the second quarter. CenterBook Partners LP now owns 494,457 shares of the company’s stock worth $5,256,000 after acquiring an additional 358,478 shares during the period. VELA Investment Management LLC grew its position in shares of Wabash National by 115.7% during the second quarter. VELA Investment Management LLC now owns 277,206 shares of the company’s stock worth $2,947,000 after purchasing an additional 148,666 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Wabash National by 61.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 309,952 shares of the company’s stock valued at $3,295,000 after purchasing an additional 117,554 shares during the period. Finally, Nierenberg Investment Management Company Inc. lifted its holdings in Wabash National by 39.6% in the 2nd quarter. Nierenberg Investment Management Company Inc. now owns 77,555 shares of the company’s stock worth $824,000 after purchasing an additional 22,000 shares in the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WNC. Wall Street Zen raised shares of Wabash National from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. DA Davidson reaffirmed a “neutral” rating and set a $9.00 target price on shares of Wabash National in a research note on Friday, December 19th. Zacks Research upgraded shares of Wabash National from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings downgraded shares of Wabash National from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 26th. Finally, National Bankshares set a $9.00 target price on Wabash National in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $9.00.

Wabash National Stock Performance

Shares of NYSE:WNC opened at $10.88 on Tuesday. The firm has a fifty day simple moving average of $9.54 and a two-hundred day simple moving average of $9.66. Wabash National Corporation has a 52 week low of $6.78 and a 52 week high of $15.66. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $440.66 million, a P/E ratio of 1.79 and a beta of 1.67.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Thursday, January 8th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, January 8th. This represents a $0.32 dividend on an annualized basis and a yield of 2.9%. Wabash National’s dividend payout ratio is 5.26%.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.