Greylin Investment Mangement Inc. reduced its holdings in shares of Wabash National Co. (NYSE:WNC) by 23.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,820 shares of the company’s stock after selling 17,650 shares during the period. Greylin Investment Mangement Inc. owned 0.10% of Wabash National worth $824,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Convergence Investment Partners LLC bought a new position in shares of Wabash National during the 2nd quarter worth about $170,000. OneAscent Financial Services LLC bought a new position in shares of Wabash National during the 2nd quarter worth about $221,000. Prudential Financial Inc. boosted its position in shares of Wabash National by 110.8% during the 2nd quarter. Prudential Financial Inc. now owns 1,096,533 shares of the company’s stock worth $17,841,000 after purchasing an additional 576,463 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Wabash National by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,037,465 shares of the company’s stock worth $16,881,000 after purchasing an additional 47,048 shares in the last quarter. Finally, Alpha Windward LLC bought a new position in shares of Wabash National during the 2nd quarter worth about $495,000. Hedge funds and other institutional investors own 98.37% of the company’s stock.
A number of research firms have recently issued reports on WNC. ValuEngine raised shares of Wabash National from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Craig Hallum cut shares of Wabash National from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research report on Wednesday, July 31st. Finally, Zacks Investment Research cut shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.83.
NYSE WNC traded up $0.49 during trading hours on Friday, hitting $13.71. The company’s stock had a trading volume of 6,474 shares, compared to its average volume of 402,917. Wabash National Co. has a 52 week low of $12.25 and a 52 week high of $17.15. The company has a market capitalization of $725.91 million, a PE ratio of 9.52 and a beta of 2.06. The company has a current ratio of 1.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.98. The company’s 50-day simple moving average is $14.08 and its two-hundred day simple moving average is $14.64.
Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.07. Wabash National had a net margin of 2.67% and a return on equity of 17.36%. The business had revenue of $626.05 million for the quarter, compared to analysts’ expectations of $613.36 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Research analysts anticipate that Wabash National Co. will post 1.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be given a $0.08 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $0.32 annualized dividend and a yield of 2.33%. Wabash National’s payout ratio is 22.22%.
Wabash National Company Profile
Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.
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