142,716 Shares in Wabash National Corporation $WNC Acquired by Man Group plc

Man Group plc bought a new stake in Wabash National Corporation (NYSE:WNC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 142,716 shares of the company’s stock, valued at approximately $1,927,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WNC. Canada Pension Plan Investment Board purchased a new position in Wabash National during the second quarter worth approximately $377,000. Legal & General Group Plc purchased a new stake in shares of Wabash National during the 2nd quarter valued at $52,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Wabash National during the 2nd quarter worth $147,000. Womack Financial LLC acquired a new stake in shares of Wabash National during the 2nd quarter worth $3,369,000. Finally, Quantbot Technologies LP purchased a new position in shares of Wabash National in the 2nd quarter worth $91,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Stock Down 5.1%

Shares of Wabash National stock opened at $12.80 on Wednesday. Wabash National Corporation has a twelve month low of $6.63 and a twelve month high of $14.32. The stock has a market cap of $521.47 million, a price-to-earnings ratio of -6.63 and a beta of 1.44. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75. The company has a fifty day moving average price of $12.86 and a 200 day moving average price of $10.32.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.03. The company had revenue of $417.24 million for the quarter, compared to analyst estimates of $402.85 million. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.The firm’s revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company posted ($0.15) earnings per share. Equities research analysts forecast that Wabash National Corporation will post -2.41 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, October 8th. Wabash National’s dividend payout ratio (DPR) is presently -16.58%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $20.00 target price on shares of Wabash National in a report on Monday, August 24th. Wall Street Zen upgraded Wabash National from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. National Bank Financial set a $20.00 price objective on Wabash National in a research note on Wednesday, August 12th. Citizens Jmp initiated coverage on Wabash National in a report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wabash National in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.67.

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.