USA Financial Portformulas Corp increased its position in Wabash National Corporation (NYSE:WNC) by 52.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,460 shares of the company’s stock after acquiring an additional 6,730 shares during the period. USA Financial Portformulas Corp’s holdings in Wabash National Corporation were worth $428,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its holdings in shares of Wabash National Corporation by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the company’s stock worth $539,000 after acquiring an additional 100 shares during the period. PNC Financial Services Group Inc. grew its holdings in Wabash National Corporation by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock valued at $689,000 after buying an additional 156 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Wabash National Corporation by 0.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 33,105 shares of the company’s stock valued at $685,000 after buying an additional 189 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Wabash National Corporation by 1.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock worth $277,000 after purchasing an additional 200 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Wabash National Corporation by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 31,400 shares of the company’s stock worth $690,000 after purchasing an additional 200 shares during the period.
WNC has been the topic of a number of recent analyst reports. ValuEngine raised Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BMO Capital Markets reiterated a “hold” rating and issued a $20.00 price target on shares of Wabash National Corporation in a report on Friday, July 7th. BidaskClub upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Wabash National Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $22.00 target price on shares of Wabash National Corporation in a research note on Tuesday, September 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.86.
Wabash National Corporation (NYSE:WNC) traded down 2.27% during midday trading on Friday, hitting $22.42. The stock had a trading volume of 407,792 shares. The stock’s 50 day moving average price is $21.82 and its 200-day moving average price is $21.29. The company has a market cap of $1.32 billion, a PE ratio of 14.46 and a beta of 1.78. Wabash National Corporation has a 52 week low of $10.74 and a 52 week high of $24.16.
Wabash National Corporation (NYSE:WNC) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.05). The firm had revenue of $435.90 million during the quarter, compared to analyst estimates of $436.85 million. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. Equities research analysts predict that Wabash National Corporation will post $1.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, October 4th. Wabash National Corporation’s payout ratio is currently 15.48%.
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Wabash National Corporation 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.
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