Wabash National Corporation $WNC Shares Bought by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. lifted its holdings in Wabash National Corporation (NYSE:WNC) by 123.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,085 shares of the company’s stock after acquiring an additional 86,094 shares during the period. Aristeia Capital L.L.C. owned approximately 0.39% of Wabash National worth $1,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EVR Research LP purchased a new position in shares of Wabash National in the third quarter valued at $1,974,000. JPMorgan Chase & Co. boosted its stake in Wabash National by 210.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 122,311 shares of the company’s stock valued at $1,207,000 after acquiring an additional 82,879 shares during the last quarter. Polaris Capital Management LLC lifted its position in shares of Wabash National by 88.2% in the 4th quarter. Polaris Capital Management LLC now owns 144,670 shares of the company’s stock worth $1,251,000 after buying an additional 67,800 shares during the last quarter. Womack Financial LLC lifted its position in shares of Wabash National by 45.9% in the 4th quarter. Womack Financial LLC now owns 195,741 shares of the company’s stock worth $1,693,000 after buying an additional 61,561 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Wabash National in the 3rd quarter worth about $694,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WNC. DA Davidson raised shares of Wabash National from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday. Weiss Ratings cut shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Finally, Wall Street Zen lowered shares of Wabash National from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.50.

Wabash National Stock Performance

WNC stock opened at $10.81 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33. The stock has a market cap of $439.48 million, a P/E ratio of -6.75 and a beta of 1.55. The firm has a 50 day simple moving average of $8.27 and a 200 day simple moving average of $9.19. Wabash National Corporation has a 52 week low of $6.63 and a 52 week high of $12.94.

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

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Wabash National’s dividend payout ratio (DPR) is presently -20.00%.

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.