Bowling Portfolio Management LLC raised its stake in shares of Wabash National Corporation (NYSE:WNC) by 45.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,773 shares of the company’s stock after buying an additional 23,381 shares during the period. Bowling Portfolio Management LLC owned approximately 0.12% of Wabash National Corporation worth $1,644,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Capital One National Association acquired a new stake in Wabash National Corporation during the first quarter valued at approximately $555,000. OLD National Bancorp IN acquired a new stake in Wabash National Corporation during the first quarter valued at approximately $514,000. Great West Life Assurance Co. Can raised its stake in Wabash National Corporation by 2.7% in the first quarter. Great West Life Assurance Co. Can now owns 87,690 shares of the company’s stock valued at $1,813,000 after buying an additional 2,335 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Wabash National Corporation by 749.0% in the first quarter. Russell Investments Group Ltd. now owns 238,178 shares of the company’s stock valued at $4,927,000 after buying an additional 210,124 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Wabash National Corporation by 702.1% in the first quarter. Acadian Asset Management LLC now owns 2,093,374 shares of the company’s stock valued at $43,312,000 after buying an additional 1,832,390 shares during the last quarter.
Wabash National Corporation (NYSE:WNC) opened at 19.08 on Tuesday. The firm has a market cap of $1.13 billion, a P/E ratio of 12.30 and a beta of 1.81. The firm has a 50 day moving average of $21.71 and a 200-day moving average of $20.83. Wabash National Corporation has a 12 month low of $10.74 and a 12 month high of $24.16.
Wabash National Corporation (NYSE:WNC) last issued its earnings results 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 firm had revenue of $435.90 million during the quarter, compared to analysts’ expectations of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. On average, equities research analysts forecast that Wabash National Corporation will post $1.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 6th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, June 2nd. Wabash National Corporation’s payout ratio is 15.48%.
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Several research firms have commented on WNC. BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 price target on shares of Wabash National Corporation in a report on Friday, July 7th. Zacks Investment Research lowered shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th. ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National Corporation in a report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.71.
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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