Shell Asset Management Co. maintained its position in Wabash National Corporation (NYSE:WNC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,013 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co. owned 0.20% of Wabash National Corporation worth $2,638,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Wabash National Corporation during the fourth quarter valued at approximately $445,000. Norges Bank acquired a new position in Wabash National Corporation during the fourth quarter valued at approximately $1,028,000. Quadrature Capital Ltd acquired a new position in Wabash National Corporation during the fourth quarter valued at approximately $1,276,000. Teachers Advisors LLC increased its position in Wabash National Corporation by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 784,721 shares of the company’s stock valued at $12,414,000 after buying an additional 4,064 shares during the period. Finally, Macquarie Group Ltd. increased its position in Wabash National Corporation by 14.1% in the fourth quarter. Macquarie Group Ltd. now owns 296,282 shares of the company’s stock valued at $4,687,000 after buying an additional 36,581 shares during the period.
Wabash National Corporation (WNC) opened at 18.72 on Wednesday. The firm has a market cap of $1.10 billion, a P/E ratio of 12.07 and a beta of 1.81. Wabash National Corporation has a 52 week low of $10.74 and a 52 week high of $24.16. The company’s 50 day moving average is $21.64 and its 200-day moving average is $20.84.
Wabash National Corporation (NYSE:WNC) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.05. The firm had revenue of $435.90 million for the quarter, compared to analyst estimates of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. Wabash National Corporation’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 earnings per share. Equities analysts expect that Wabash National Corporation will post $1.49 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 6th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, June 2nd. Wabash National Corporation’s payout ratio is 15.48%.
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Several equities analysts have commented on WNC shares. Seaport Global Securities restated a “neutral” rating on shares of Wabash National Corporation in a research note on Thursday, April 6th. Zacks Investment Research downgraded shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. ValuEngine upgraded shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, BMO Capital Markets restated a “hold” rating and issued a $20.00 price target on shares of Wabash National Corporation in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $18.71.
About Wabash National Corporation
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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