Mutual of America Capital Management LLC Buys New Stake in Wabash National Co. (NYSE:WNC)

Mutual of America Capital Management LLC bought a new stake in Wabash National Co. (NYSE:WNC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,066 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its stake in Wabash National by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 31,423 shares of the company’s stock worth $805,000 after buying an additional 447 shares during the period. Swiss National Bank boosted its stake in Wabash National by 0.8% during the third quarter. Swiss National Bank now owns 104,300 shares of the company’s stock worth $2,203,000 after buying an additional 800 shares during the period. Range Financial Group LLC boosted its stake in Wabash National by 3.8% during the fourth quarter. Range Financial Group LLC now owns 24,700 shares of the company’s stock worth $633,000 after buying an additional 911 shares during the period. Los Angeles Capital Management LLC boosted its stake in Wabash National by 2.5% during the third quarter. Los Angeles Capital Management LLC now owns 55,537 shares of the company’s stock worth $1,173,000 after buying an additional 1,370 shares during the period. Finally, Watershed Asset Management L.L.C. boosted its stake in Wabash National by 19.9% during the third quarter. Watershed Asset Management L.L.C. now owns 12,372 shares of the company’s stock worth $261,000 after buying an additional 2,056 shares during the period. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Stock Down 0.3 %

Shares of WNC opened at $25.75 on Wednesday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 5.35 and a beta of 1.58. Wabash National Co. has a 12-month low of $20.09 and a 12-month high of $30.07. The company has a current ratio of 1.93, a quick ratio of 1.17 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $27.38 and a 200-day moving average price of $24.92.

Wabash National (NYSE:WNC) last issued its earnings results on Thursday, February 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. The firm had revenue of $596.10 million during the quarter, compared to analyst estimates of $633.68 million. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The business’s revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 earnings per share. Equities research analysts expect that Wabash National Co. will post 2.19 earnings per share for the current year.

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, April 3rd. Wabash National’s dividend payout ratio is currently 6.65%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Wabash National from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th.

Insider Activity at Wabash National

In related news, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the sale, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the sale, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the sale, the director now owns 114,146 shares of the company’s stock, valued at $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.

Wabash National 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.