BNP Paribas Financial Markets Has $1.52 Million Stake in Wabash National Co. (NYSE:WNC)

BNP Paribas Financial Markets boosted its stake in Wabash National Co. (NYSE:WNC) by 4.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 88,422 shares of the company’s stock after buying an additional 3,832 shares during the period. BNP Paribas Financial Markets’ holdings in Wabash National were worth $1,515,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WNC. Barclays PLC boosted its stake in Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company’s stock valued at $3,132,000 after buying an additional 89,522 shares in the last quarter. Inspire Investing LLC boosted its stake in Wabash National by 8.7% in the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company’s stock valued at $399,000 after buying an additional 1,860 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Wabash National by 6.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company’s stock valued at $1,220,000 after buying an additional 4,064 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Wabash National in the fourth quarter worth $25,688,000. Finally, EMC Capital Management boosted its stake in Wabash National by 88.1% in the fourth quarter. EMC Capital Management now owns 8,250 shares of the company’s stock worth $141,000 after purchasing an additional 3,864 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Price Performance

Wabash National stock opened at $9.66 on Monday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The firm has a market cap of $404.25 million, a P/E ratio of -1.48 and a beta of 1.57. The business’s fifty day moving average is $10.02 and its two-hundred day moving average is $14.12. Wabash National Co. has a 52 week low of $6.78 and a 52 week high of $24.03.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.32). The business had revenue of $380.89 million during the quarter, compared to analyst estimates of $414.55 million. Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. Wabash National’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. Equities research analysts forecast that Wabash National Co. will post 0.94 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 24th. Shareholders of record on Thursday, July 3rd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Thursday, July 3rd. Wabash National’s dividend payout ratio is currently -20.65%.

Analyst Ratings Changes

Separately, DA Davidson reduced their price objective on Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th.

Wabash National Profile

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.