Aristeia Capital L.L.C. Purchases 86,094 Shares of Wabash National Corporation $WNC

Aristeia Capital L.L.C. grew its position in Wabash National Corporation (NYSE:WNC) by 123.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,085 shares of the company’s stock after purchasing an additional 86,094 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Wabash National were worth $1,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co bought a new position in Wabash National during the fourth quarter worth $37,000. Quadrant Capital Group LLC raised its holdings in Wabash National by 515.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock worth $47,000 after purchasing an additional 4,530 shares during the last quarter. CWM LLC raised its holdings in Wabash National by 82.6% during the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after purchasing an additional 2,758 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Wabash National by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock worth $80,000 after purchasing an additional 4,129 shares during the last quarter. Finally, World Investment Advisors bought a new stake in shares of Wabash National in the 4th quarter valued at about $91,000. Institutional investors own 97.05% of the company’s stock.

Wabash National Trading Up 16.4%

Shares of Wabash National stock opened at $10.81 on Thursday. The business has a fifty day simple moving average of $8.27 and a two-hundred day simple moving average of $9.19. Wabash National Corporation has a 1 year low of $6.63 and a 1 year high of $12.94. The company has a market capitalization of $439.48 million, a price-to-earnings ratio of -6.75 and a beta of 1.55. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.33 and a quick ratio of 0.77.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Friday, May 1st. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.01) by ($0.16). The business had revenue of $303.23 million for the quarter, compared to analyst estimates of $319.03 million. Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The company’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.58) EPS. Research analysts forecast that Wabash National Corporation will post -1.75 EPS for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, July 2nd. This represents a $0.32 annualized dividend and a yield of 3.0%. Wabash National’s dividend payout ratio (DPR) is presently -20.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WNC. Weiss Ratings cut Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Wall Street Zen downgraded Wabash National from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. Finally, DA Davidson upgraded Wabash National from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.50.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.