The BNP Paribas Arbitrage SA Buys 2,775 Shares of Wabash National Co. (WNC)

The BNP Paribas Arbitrage SA Buys 2,775 Shares of Wabash National Co. (WNC)

A number of other hedge funds have also recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in shares of Wabash National by 702.1% in the first quarter. Acadian Asset Management LLC now owns 2,093,374 shares of the company’s stock valued at $43,312,000 after buying an additional 1,832,390 shares during the period. Royce & Associates LP increased its stake in shares of Wabash National by 1,398.5% in the fourth quarter. Royce & Associates LP now owns 1,948,000 shares of the company’s stock valued at $30,817,000 after buying an additional 1,818,000 shares during the period. Matarin Capital Management LLC purchased a new stake in shares of Wabash National during the third quarter valued at about $7,657,000. Dimensional Fund Advisors LP increased its stake in shares of Wabash National by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,640,475 shares of the company’s stock valued at $73,413,000 after buying an additional 536,235 shares during the period. Finally, Cortina Asset Management LLC purchased a new stake in shares of Wabash National during the fourth quarter valued at about $6,442,000.

BNP Paribas Arbitrage SA boosted its stake in shares of Wabash National Co. (NYSE:WNC) by 10.6% during the first quarter, Holdings Channel reports. The firm owned 29,014 shares of the company’s stock after buying an additional 2,775 shares during the period. BNP Paribas Arbitrage SA’s holdings in Wabash National were worth $600,000 as of its most recent filing with the SEC.

Wabash National Co. (NYSE:WNC) opened at 20.28 on Monday. The stock has a 50 day moving average of $21.31 and a 200-day moving average of $18.89. The firm has a market capitalization of $1.22 billion, a P/E ratio of 11.76 and a beta of 1.87. Wabash National Co. has a 1-year low of $10.74 and a 1-year high of $24.16.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Monday, April 24th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $371.09 million. Wabash National had a net margin of 6.47% and a return on equity of 25.54%. The firm’s revenue was down 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. On average, equities research analysts anticipate that Wabash National Co. will post $1.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Thursday, July 6th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.24 annualized dividend and a yield of 1.18%. Wabash National’s dividend payout ratio is currently 13.19%. A number of research firms have recently weighed in on WNC. ValuEngine raised shares of Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of Wabash National from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National in a research note on Thursday, April 6th. Finally, BMO Capital Markets upped their price target on shares of Wabash National from $12.00 to $16.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.14.

Wabash National Company Profile Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WNC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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