Truvestments Capital LLC Sells 1,004 Shares of Wabash National Co. (NYSE:WNC)

Truvestments Capital LLC cut its position in shares of Wabash National Co. (NYSE:WNC) by 27.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,616 shares of the company’s stock after selling 1,004 shares during the quarter. Truvestments Capital LLC’s holdings in Wabash National were worth $38,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Denali Advisors LLC grew its holdings in shares of Wabash National by 349.0% during the third quarter. Denali Advisors LLC now owns 93,400 shares of the company’s stock worth $1,355,000 after buying an additional 72,600 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Wabash National by 121.7% during the third quarter. State of Alaska Department of Revenue now owns 41,836 shares of the company’s stock valued at $607,000 after purchasing an additional 22,969 shares during the last quarter. Macquarie Group Ltd. boosted its position in Wabash National by 1.6% during the second quarter. Macquarie Group Ltd. now owns 224,461 shares of the company’s stock valued at $3,652,000 after purchasing an additional 3,533 shares during the last quarter. Verition Fund Management LLC acquired a new position in Wabash National during the second quarter valued at approximately $167,000. Finally, ClariVest Asset Management LLC boosted its position in Wabash National by 18.5% during the second quarter. ClariVest Asset Management LLC now owns 223,166 shares of the company’s stock valued at $3,630,000 after purchasing an additional 34,800 shares during the last quarter. Institutional investors and hedge funds own 98.37% of the company’s stock.

Several research analysts recently commented on the company. ValuEngine raised Wabash National from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Craig Hallum cut Wabash National from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research report on Wednesday, July 31st. Finally, Zacks Investment Research cut Wabash National from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Wabash National currently has a consensus rating of “Hold” and a consensus price target of $17.83.

Shares of WNC traded up $0.49 during mid-day trading on Friday, reaching $13.71. The company’s stock had a trading volume of 1,762 shares, compared to its average volume of 402,917. Wabash National Co. has a 1-year low of $12.25 and a 1-year high of $17.15. The stock has a market cap of $725.91 million, a P/E ratio of 9.51 and a beta of 2.06. The business has a 50-day simple moving average of $14.08 and a two-hundred day simple moving average of $14.64. The company has a current ratio of 1.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.98.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.07. Wabash National had a return on equity of 17.36% and a net margin of 2.67%. The company had revenue of $626.05 million during the quarter, compared to analysts’ expectations of $613.36 million. During the same period last year, the firm posted $0.49 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Research analysts anticipate that Wabash National Co. will post 1.7 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.32 annualized dividend and a yield of 2.33%. Wabash National’s payout ratio is currently 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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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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