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.
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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.
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