Gladius Capital Management LP Makes New Investment in Wabash National Co. (NYSE:WNC)

Gladius Capital Management LP purchased a new position in shares of Wabash National Co. (NYSE:WNC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,424 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Wabash National by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,365 shares of the company’s stock valued at $20,428,000 after buying an additional 6,682 shares during the last quarter. Islay Capital Management LLC grew its holdings in shares of Wabash National by 30.9% in the 4th quarter. Islay Capital Management LLC now owns 45,198 shares of the company’s stock valued at $1,158,000 after acquiring an additional 10,661 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Wabash National by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 30,225 shares of the company’s stock valued at $774,000 after buying an additional 404 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Wabash National by 33.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,797 shares of the company’s stock valued at $328,000 after acquiring an additional 3,182 shares during the period. Finally, VELA Investment Management LLC acquired a new position in Wabash National during the fourth quarter worth approximately $1,303,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Trading Down 2.0 %

Shares of NYSE:WNC traded down $0.48 during trading on Thursday, reaching $23.14. The stock had a trading volume of 364,994 shares, compared to its average volume of 602,577. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 5.56 and a beta of 1.62. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.11 and a current ratio of 1.87. The firm’s fifty day moving average is $26.65 and its 200 day moving average is $25.04. Wabash National Co. has a 52 week low of $20.09 and a 52 week high of $30.07.

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

Wabash National Dividend Announcement

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

Insider Activity

In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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.