Jacobs Levy Equity Management Inc. Invests $963,000 in Wabash National Co. (NYSE:WNC)

Jacobs Levy Equity Management Inc. purchased a new position in shares of Wabash National Co. (NYSE:WNC) in the 4th quarter, Holdings Channel.com reports. The firm purchased 56,194 shares of the company’s stock, valued at approximately $963,000.

Several other large investors have also modified their holdings of WNC. Pacer Advisors Inc. purchased a new stake in shares of Wabash National during the fourth quarter worth approximately $25,688,000. First Trust Advisors LP raised its stake in shares of Wabash National by 22.5% during the fourth quarter. First Trust Advisors LP now owns 1,468,605 shares of the company’s stock worth $25,157,000 after purchasing an additional 269,846 shares during the last quarter. Norges Bank purchased a new stake in shares of Wabash National during the fourth quarter worth approximately $4,341,000. Raymond James Financial Inc. purchased a new stake in shares of Wabash National during the fourth quarter worth approximately $2,827,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Wabash National by 163.9% during the fourth quarter. JPMorgan Chase & Co. now owns 256,471 shares of the company’s stock worth $4,393,000 after purchasing an additional 159,278 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Trading Up 2.8%

NYSE:WNC opened at $9.66 on Friday. The stock has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $14.17. The stock has a market capitalization of $404.25 million, a price-to-earnings ratio of -1.48 and a beta of 1.57. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. Wabash National Co. has a 1 year low of $6.78 and a 1 year high of $24.03.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.32). The business had revenue of $380.89 million during the quarter, compared to analysts’ expectations of $414.55 million. Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The company’s revenue was down 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, sell-side analysts anticipate that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, July 3rd. Wabash National’s dividend payout ratio (DPR) is -20.65%.

Wall Street Analysts Forecast Growth

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

Wabash National Company 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.