Schwab Charles Investment Management Inc. Decreases Position in Wabash National Co. (WNC)

Schwab Charles Investment Management Inc. trimmed its holdings in Wabash National Co. (NYSE:WNC) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,650 shares of the company’s stock after selling 3,146 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.89% of Wabash National worth $12,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of WNC. Hikari Power Ltd bought a new position in shares of Wabash National in the 2nd quarter worth about $209,000. ETRADE Capital Management LLC bought a new position in shares of Wabash National in the 2nd quarter worth about $257,000. Quantbot Technologies LP bought a new position in shares of Wabash National in the 3rd quarter worth about $326,000. Yorktown Management & Research Co Inc increased its stake in shares of Wabash National by 21.7% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock worth $333,000 after acquiring an additional 2,600 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Wabash National by 15.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 15,497 shares of the company’s stock worth $341,000 after acquiring an additional 2,100 shares in the last quarter.

Shares of Wabash National Co. (NYSE:WNC) opened at $21.12 on Wednesday. Wabash National Co. has a 1 year low of $15.73 and a 1 year high of $24.16. The company has a market cap of $1,233.82, a PE ratio of 15.76, a P/E/G ratio of 0.71 and a beta of 1.68. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.18 and a current ratio of 2.03.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $449.05 million. During the same period last year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. equities analysts predict that Wabash National Co. will post 1.37 earnings per share for the current fiscal year.

The business also recently declared 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. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Wednesday, January 3rd. This is an increase from Wabash National’s previous quarterly dividend of $0.06. Wabash National’s dividend payout ratio (DPR) is presently 17.91%.

Several brokerages recently issued reports on WNC. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, September 27th. Stifel Nicolaus reissued a “hold” rating on shares of Wabash National in a research report on Friday, December 22nd. Craig Hallum reissued a “buy” rating and set a $27.00 price objective on shares of Wabash National in a research report on Friday, October 6th. ValuEngine downgraded shares of Wabash National from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BMO Capital Markets reissued a “hold” rating on shares of Wabash National in a research report on Monday, October 23rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.83.

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Wabash National 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.

Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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