O Shaughnessy Asset Management LLC Boosts Holdings in Wabash National Co. (NYSE:WNC)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Wabash National Co. (NYSE:WNC) by 104.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,878 shares of the company’s stock after acquiring an additional 6,567 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Wabash National were worth $174,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its holdings in Wabash National by 0.3% in the fourth quarter. BlackRock Inc. now owns 8,296,232 shares of the company’s stock valued at $108,514,000 after buying an additional 26,842 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Wabash National by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,810,110 shares of the company’s stock worth $62,916,000 after buying an additional 37,734 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Wabash National by 15.5% during the first quarter. JPMorgan Chase & Co. now owns 3,111,767 shares of the company’s stock worth $42,165,000 after buying an additional 417,141 shares during the period. Royce & Associates LP boosted its position in shares of Wabash National by 3.8% during the first quarter. Royce & Associates LP now owns 2,903,669 shares of the company’s stock worth $39,345,000 after buying an additional 107,094 shares during the period. Finally, Ceredex Value Advisors LLC boosted its position in shares of Wabash National by 89.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,432,023 shares of the company’s stock worth $18,731,000 after buying an additional 676,523 shares during the period. 97.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE WNC traded down $0.06 during mid-day trading on Monday, reaching $16.21. The company had a trading volume of 502,017 shares, compared to its average volume of 415,872. The firm has a market capitalization of $901.79 million, a PE ratio of 11.26 and a beta of 2.02. Wabash National Co. has a twelve month low of $12.25 and a twelve month high of $20.78. The stock has a 50 day simple moving average of $14.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.80 and a quick ratio of 1.08.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, May 1st. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Wabash National had a net margin of 2.73% and a return on equity of 17.02%. The business had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $519.74 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Wabash National Co. will post 1.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Tuesday, July 2nd. Wabash National’s payout ratio is 22.22%.

WNC has been the topic of several research reports. Zacks Investment Research reaffirmed a “buy” rating and issued a $18.00 price target on shares of Wabash National in a report on Saturday, May 11th. ValuEngine raised Wabash National from a “sell” rating to a “hold” rating in a report on Wednesday, June 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.50.

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

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