Stevens Capital Management LP Cuts Stake in Wabash National Co. (WNC)

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Stevens Capital Management LP decreased its position in shares of Wabash National Co. (NYSE:WNC) by 44.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,597 shares of the company’s stock after selling 8,434 shares during the quarter. Stevens Capital Management LP’s holdings in Wabash National were worth $198,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Wabash National by 0.9% during the 1st quarter. BlackRock Inc. now owns 7,564,757 shares of the company’s stock worth $157,423,000 after acquiring an additional 66,192 shares during the period. LSV Asset Management lifted its holdings in Wabash National by 0.7% during the 1st quarter. LSV Asset Management now owns 3,404,091 shares of the company’s stock worth $70,839,000 after purchasing an additional 23,800 shares in the last quarter. Park West Asset Management LLC lifted its holdings in Wabash National by 11.2% during the 1st quarter. Park West Asset Management LLC now owns 1,817,481 shares of the company’s stock worth $37,822,000 after purchasing an additional 182,481 shares in the last quarter. Rothschild Asset Management Inc. lifted its holdings in Wabash National by 0.3% during the 2nd quarter. Rothschild Asset Management Inc. now owns 1,610,890 shares of the company’s stock worth $30,059,000 after purchasing an additional 5,008 shares in the last quarter. Finally, Matarin Capital Management LLC purchased a new stake in Wabash National during the 1st quarter worth about $19,020,000.

A number of analysts recently issued reports on the company. Zacks Investment Research cut Wabash National from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. ValuEngine cut Wabash National from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Stifel Nicolaus dropped their price objective on Wabash National from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Thursday, August 2nd. Piper Jaffray Companies set a $22.00 price target on Wabash National and gave the company a “hold” rating in a report on Wednesday, August 1st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $25.00 price target on shares of Wabash National in a report on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Wabash National has a consensus rating of “Hold” and a consensus target price of $24.83.

NYSE:WNC opened at $18.28 on Thursday. Wabash National Co. has a twelve month low of $17.47 and a twelve month high of $26.54. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.33 and a beta of 1.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.20 and a current ratio of 1.96.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Tuesday, July 31st. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.08). Wabash National had a net margin of 5.86% and a return on equity of 17.85%. The business had revenue of $612.69 million during the quarter, compared to analysts’ expectations of $611.30 million. research analysts expect that Wabash National Co. will post 1.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Thursday, October 4th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, October 3rd. This represents a $0.30 annualized dividend and a dividend yield of 1.64%. Wabash National’s payout ratio is currently 21.74%.

Wabash National Profile

Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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