OxFORD Asset Management LLP Sells 56,029 Shares of Wabash National Corporation (WNC)

OxFORD Asset Management LLP cut its stake in Wabash National Corporation (NYSE:WNC) by 66.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,715 shares of the company’s stock after selling 56,029 shares during the quarter. OxFORD Asset Management LLP’s holdings in Wabash National Corporation were worth $631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WNC. UBS Asset Management Americas Inc. raised its position in shares of Wabash National Corporation by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock valued at $277,000 after purchasing an additional 200 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Wabash National Corporation by 24.0% in the first quarter. Parametric Portfolio Associates LLC now owns 274,997 shares of the company’s stock valued at $5,690,000 after purchasing an additional 53,167 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Wabash National Corporation in the first quarter valued at about $108,000. Mason Street Advisors LLC raised its position in shares of Wabash National Corporation by 3.4% in the first quarter. Mason Street Advisors LLC now owns 14,021 shares of the company’s stock valued at $290,000 after purchasing an additional 465 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Wabash National Corporation by 1.4% in the first quarter. Alliancebernstein L.P. now owns 95,300 shares of the company’s stock valued at $1,972,000 after purchasing an additional 1,300 shares during the period.



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Wabash National Corporation (NYSE WNC) traded down 0.22% during midday trading on Friday, hitting $22.89. 18,422 shares of the stock were exchanged. The company has a market capitalization of $1.35 billion, a P/E ratio of 14.76 and a beta of 1.78. Wabash National Corporation has a 1-year low of $10.74 and a 1-year high of $24.16. The company’s 50 day moving average is $21.82 and its 200 day moving average is $21.29.

Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.05). The company had revenue of $435.90 million during the quarter, compared to the consensus estimate of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. Analysts predict that Wabash National Corporation will post $1.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Thursday, October 5th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, October 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.05%. Wabash National Corporation’s dividend payout ratio is presently 15.48%.

Several research firms recently commented on WNC. BMO Capital Markets restated a “hold” rating and issued a $20.00 price target on shares of Wabash National Corporation in a research note on Friday, July 7th. BidaskClub upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Craig Hallum upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. ValuEngine downgraded shares of Wabash National Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.86.

Wabash National Corporation 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.

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

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