Park West Asset Management LLC Acquires 182,481 Shares of Wabash National Co. (WNC)

Park West Asset Management LLC grew its holdings in Wabash National Co. (NYSE:WNC) by 11.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,817,481 shares of the company’s stock after purchasing an additional 182,481 shares during the quarter. Wabash National accounts for about 1.7% of Park West Asset Management LLC’s holdings, making the stock its 19th biggest holding. Park West Asset Management LLC owned about 3.13% of Wabash National worth $37,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Wabash National by 135.7% in the first quarter. Envestnet Asset Management Inc. now owns 8,097 shares of the company’s stock valued at $169,000 after acquiring an additional 4,662 shares in the last quarter. Meadow Creek Investment Management LLC raised its holdings in Wabash National by 32.3% in the fourth quarter. Meadow Creek Investment Management LLC now owns 9,758 shares of the company’s stock valued at $212,000 after acquiring an additional 2,380 shares in the last quarter. Profund Advisors LLC acquired a new stake in Wabash National in the first quarter valued at approximately $229,000. Pitcairn Co. acquired a new stake in Wabash National in the first quarter valued at approximately $230,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Wabash National in the first quarter valued at approximately $255,000.

WNC stock opened at $20.10 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.91. Wabash National Co. has a twelve month low of $18.25 and a twelve month high of $26.54. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 0.47 and a beta of 1.82.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Tuesday, May 1st. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). Wabash National had a return on equity of 16.87% and a net margin of 5.94%. The company had revenue of $491.32 million for the quarter, compared to analyst estimates of $468.77 million. During the same period in the previous year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 35.5% compared to the same quarter last year. analysts predict that Wabash National Co. will post 2.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 26th. Shareholders of record on Thursday, July 5th will be issued a dividend of $0.075 per share. The ex-dividend date is Tuesday, July 3rd. This represents a $0.30 dividend on an annualized basis and a yield of 1.49%. Wabash National’s payout ratio is currently 21.74%.

Several brokerages recently weighed in on WNC. ValuEngine raised shares of Wabash National from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research raised shares of Wabash National from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, March 16th. Craig Hallum set a $32.00 target price on shares of Wabash National and gave the company a “buy” rating in a report on Wednesday, May 2nd. Finally, OTR Global raised shares of Wabash National to a “positive” rating in a report on Thursday, March 1st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.80.

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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