CenterBook Partners LP Lowers Position in Wabash National Corporation $WNC

CenterBook Partners LP reduced its stake in Wabash National Corporation (NYSE:WNC) by 60.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,634 shares of the company’s stock after selling 226,379 shares during the period. CenterBook Partners LP owned approximately 0.37% of Wabash National worth $1,294,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWM LLC boosted its stake in Wabash National by 82.6% during the fourth quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after buying an additional 2,758 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Wabash National in the 3rd quarter valued at approximately $73,000. BNP Paribas Financial Markets lifted its holdings in shares of Wabash National by 104.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock worth $80,000 after acquiring an additional 4,129 shares during the last quarter. Inceptionr LLC acquired a new position in shares of Wabash National in the 3rd quarter worth approximately $102,000. Finally, World Investment Advisors purchased a new position in shares of Wabash National during the 4th quarter worth approximately $91,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings lowered Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Wall Street Zen lowered Wabash National from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $8.50 price objective on shares of Wabash National in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $8.75.

Wabash National Stock Up 4.5%

Wabash National stock opened at $8.29 on Thursday. The firm has a market capitalization of $336.99 million, a P/E ratio of -5.18 and a beta of 1.55. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 1.55. Wabash National Corporation has a twelve month low of $6.63 and a twelve month high of $12.94. The stock’s fifty day simple moving average is $8.16 and its 200-day simple moving average is $9.15.

Wabash National (NYSE:WNC) last released its earnings results on Friday, May 1st. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The company had revenue of $303.23 million during the quarter, compared to analysts’ expectations of $319.03 million. During the same quarter last year, the business posted ($0.58) earnings per share. The company’s revenue for the quarter was down 20.4% on a year-over-year basis. As a group, equities analysts expect that Wabash National Corporation will post -1.75 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.9%. Wabash National’s payout ratio is currently -20.00%.

About Wabash National

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.