According to Zacks, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. “
A number of other brokerages also recently commented on WNC. ValuEngine downgraded shares of Wabash National from a sell rating to a strong sell rating in a research report on Tuesday, March 12th. Mizuho reaffirmed a hold rating and set a $16.00 price objective on shares of Wabash National in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $20.25.
Wabash National (NYSE:WNC) last released its earnings results on Tuesday, January 29th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.09). The firm had revenue of $610.20 million during the quarter, compared to analysts’ expectations of $592.00 million. Wabash National had a return on equity of 17.11% and a net margin of 3.06%. On average, equities research analysts predict that Wabash National will post 1.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Wednesday, April 3rd. Wabash National’s payout ratio is presently 22.22%.
A number of institutional investors and hedge funds have recently made changes to their positions in WNC. Ceredex Value Advisors LLC grew its position in Wabash National by 89.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,432,023 shares of the company’s stock valued at $18,731,000 after purchasing an additional 676,523 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Wabash National in the fourth quarter worth approximately $6,755,000. Morgan Stanley grew its position in Wabash National by 59.2% in the third quarter. Morgan Stanley now owns 1,220,280 shares of the company’s stock worth $22,246,000 after acquiring an additional 453,903 shares in the last quarter. Millennium Management LLC grew its position in Wabash National by 39.3% in the fourth quarter. Millennium Management LLC now owns 828,288 shares of the company’s stock worth $10,834,000 after acquiring an additional 233,893 shares in the last quarter. Finally, BlackRock Inc. grew its position in Wabash National by 1.9% in the third quarter. BlackRock Inc. now owns 8,269,390 shares of the company’s stock worth $150,749,000 after acquiring an additional 155,927 shares in the last quarter. 96.99% of the stock is currently owned by hedge funds and other institutional investors.
About Wabash National
Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.
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