Wabash National Co. (NYSE:WNC) Holdings Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Wabash National Co. (NYSE:WNC) by 0.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,732,045 shares of the company’s stock after selling 23,680 shares during the period. Dimensional Fund Advisors LP owned 8.02% of Wabash National worth $107,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hikari Power Ltd purchased a new position in shares of Wabash National in the second quarter valued at approximately $209,000. US Bancorp DE boosted its stake in shares of Wabash National by 246.9% in the second quarter. US Bancorp DE now owns 9,757 shares of the company’s stock valued at $215,000 after purchasing an additional 6,944 shares during the period. Trexquant Investment LP purchased a new position in shares of Wabash National in the second quarter valued at approximately $235,000. ETRADE Capital Management LLC purchased a new position in shares of Wabash National in the second quarter valued at approximately $257,000. Finally, TrimTabs Asset Management LLC boosted its stake in shares of Wabash National by 65.9% in the second quarter. TrimTabs Asset Management LLC now owns 12,407 shares of the company’s stock valued at $273,000 after purchasing an additional 4,928 shares during the period.

Wabash National Co. (WNC) traded up $1.00 during trading hours on Thursday, hitting $22.48. The stock had a trading volume of 961,020 shares, compared to its average volume of 907,753. The firm has a market cap of $1,260.00, a P/E ratio of 16.65, a PEG ratio of 0.61 and a beta of 1.69. The company has a quick ratio of 1.18, a current ratio of 2.03 and a debt-to-equity ratio of 1.04. Wabash National Co. has a fifty-two week low of $16.39 and a fifty-two week high of $24.16.

Wabash National (NYSE:WNC) last announced its earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). Wabash National had a net margin of 5.05% and a return on equity of 18.42%. The firm had revenue of $425.10 million during the quarter, compared to analyst estimates of $449.05 million. During the same period in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. equities analysts forecast that Wabash National Co. will post 1.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Wabash National’s previous quarterly dividend of $0.06. Wabash National’s payout ratio is presently 22.22%.

A number of analysts have weighed in on the stock. Craig Hallum restated a “buy” rating and set a $27.00 target price on shares of Wabash National in a research report on Friday, October 6th. ValuEngine lowered shares of Wabash National from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, September 27th. Stifel Nicolaus lowered their price objective on shares of Wabash National from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Wabash National in a research report on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.83.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/11/dimensional-fund-advisors-lp-lowers-stake-in-wabash-national-co-wnc.html.

Wabash National 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 (NYSE:WNC)

Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply