Gladius Capital Management LP Buys New Shares in Wabash National Co. (NYSE:WNC)

Gladius Capital Management LP acquired a new stake in Wabash National Co. (NYSE:WNC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,424 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds have also recently added to or reduced their stakes in WNC. Pacer Advisors Inc. acquired a new stake in shares of Wabash National in the 4th quarter worth $35,491,000. LSV Asset Management grew its holdings in shares of Wabash National by 1.0% in the third quarter. LSV Asset Management now owns 1,108,739 shares of the company’s stock valued at $23,417,000 after purchasing an additional 11,183 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Wabash National by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,365 shares of the company’s stock worth $20,428,000 after buying an additional 6,682 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Wabash National by 9.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after buying an additional 49,443 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Wabash National by 12.7% in the third quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock worth $11,559,000 after acquiring an additional 61,887 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Wabash National

In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.78% of the company’s stock.

Wabash National Price Performance

Shares of NYSE:WNC traded down $0.48 during trading on Thursday, hitting $23.14. 364,994 shares of the stock were exchanged, compared to its average volume of 602,577. The company has a market cap of $1.04 billion, a PE ratio of 5.56 and a beta of 1.62. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. Wabash National Co. has a 12-month low of $20.09 and a 12-month high of $30.07. The company has a fifty day moving average price of $26.65 and a two-hundred day moving average price of $25.04.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). The company had revenue of $515.28 million for the quarter. Wabash National had a return on equity of 37.84% and a net margin of 8.15%. On average, analysts forecast that Wabash National Co. will post 2.21 EPS for the current year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 4th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. Wabash National’s dividend payout ratio (DPR) is currently 7.69%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Wabash National from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

About Wabash National

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.