RWWM Inc. lifted its stake in Wabash National Co. (NYSE:WNC) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 562,948 shares of the company’s stock after buying an additional 2,483 shares during the period. Wabash National makes up approximately 1.2% of RWWM Inc.’s holdings, making the stock its 9th largest holding. RWWM Inc.’s holdings in Wabash National were worth $9,007,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank increased its holdings in Wabash National by 1.2% during the 1st quarter. Swiss National Bank now owns 121,000 shares of the company’s stock valued at $2,275,000 after purchasing an additional 1,400 shares during the period. Russell Investments Group Ltd. increased its holdings in Wabash National by 72.9% during the 1st quarter. Russell Investments Group Ltd. now owns 47,083 shares of the company’s stock valued at $884,000 after purchasing an additional 19,849 shares during the period. UBS Group AG increased its holdings in Wabash National by 3.9% during the 1st quarter. UBS Group AG now owns 39,134 shares of the company’s stock valued at $736,000 after purchasing an additional 1,481 shares during the period. Geode Capital Management LLC increased its holdings in Wabash National by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 877,045 shares of the company’s stock valued at $16,488,000 after purchasing an additional 66,164 shares during the period. Finally, Ergoteles LLC purchased a new position in Wabash National during the 1st quarter valued at about $321,000.
In other news, CEO Brent L. Yeagy sold 3,672 shares of the company’s stock in a transaction on Monday, September 27th. The stock was sold at an average price of $16.00, for a total value of $58,752.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brent L. Yeagy sold 1,836 shares of the company’s stock in a transaction on Tuesday, October 5th. The stock was sold at an average price of $16.00, for a total value of $29,376.00. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.
Shares of WNC traded up $0.24 during mid-day trading on Thursday, reaching $15.68. The company had a trading volume of 1,512 shares, compared to its average volume of 365,864. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.19 and a current ratio of 2.08. The firm has a 50-day moving average price of $15.15 and a 200 day moving average price of $15.99. Wabash National Co. has a 52 week low of $13.04 and a 52 week high of $20.55. The company has a market capitalization of $784.14 million, a price-to-earnings ratio of 32.85 and a beta of 1.84.
Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, July 28th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.10. The business had revenue of $449.42 million for the quarter, compared to analysts’ expectations of $470.00 million. Wabash National had a return on equity of 6.13% and a net margin of 1.56%. As a group, research analysts forecast that Wabash National Co. will post 0.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 28th. Shareholders of record on Thursday, October 7th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, October 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.04%. Wabash National’s dividend payout ratio is presently 213.33%.
About Wabash National
Wabash National Corp. engages in the design, manufacture and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. It operates through the following segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment manufactures van and platform trailers and other transportation related equipment to customers who purchase directly from the Company or through independent dealers.
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