State Board of Administration of Florida Retirement System lessened its holdings in shares of Wabash National Corporation (NYSE:WNC) by 9.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,555 shares of the company’s stock after selling 12,360 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.19% of Wabash National Corporation worth $2,591,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its holdings in shares of Wabash National Corporation by 390.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock valued at $163,000 after purchasing an additional 5,930 shares in the last quarter. Hikari Power Ltd bought a new position in shares of Wabash National Corporation during the 2nd quarter valued at about $209,000. US Bancorp DE lifted its holdings in shares of Wabash National Corporation by 246.9% during the 2nd 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 in the last quarter. Trexquant Investment LP bought a new position in shares of Wabash National Corporation during the 2nd quarter valued at about $235,000. Finally, ETRADE Capital Management LLC bought a new position in shares of Wabash National Corporation during the 2nd quarter valued at about $257,000.
Shares of Wabash National Corporation (WNC) opened at $18.43 on Thursday. Wabash National Corporation has a 1 year low of $12.65 and a 1 year high of $24.16. The stock has a market capitalization of $1,130.61, a P/E ratio of 13.69, a P/E/G ratio of 0.66 and a beta of 1.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.03 and a quick ratio of 1.18.
Wabash National Corporation (NYSE:WNC) last announced its earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). Wabash National Corporation 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 prior year, the business posted $0.50 EPS. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. equities analysts expect that Wabash National Corporation will post 1.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Thursday, October 5th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio is presently 17.91%.
Several equities analysts have recently weighed in on WNC shares. ValuEngine upgraded Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. BMO Capital Markets reiterated a “hold” rating on shares of Wabash National Corporation in a report on Monday, October 23rd. Zacks Investment Research cut Wabash National Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $22.00 target price on shares of Wabash National Corporation in a research report on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Wabash National Corporation has an average rating of “Hold” and an average price target of $22.86.
Wabash National Corporation 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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