UBS Asset Management Americas Inc. boosted its holdings in shares of Wabash National Co. (NYSE:WNC) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,767 shares of the company’s stock after acquiring an additional 3,957 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Wabash National were worth $892,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. HRT Financial LP bought a new stake in shares of Wabash National in the 1st quarter valued at $360,000. Ameriprise Financial Inc. boosted its stake in shares of Wabash National by 0.7% in the 1st quarter. Ameriprise Financial Inc. now owns 290,619 shares of the company’s stock valued at $5,463,000 after purchasing an additional 2,106 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Wabash National by 1,664.7% in the 1st quarter. Captrust Financial Advisors now owns 2,647 shares of the company’s stock valued at $50,000 after purchasing an additional 2,497 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Wabash National by 36.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 49,697 shares of the company’s stock valued at $934,000 after purchasing an additional 13,385 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of Wabash National in the 1st quarter valued at $765,000. 99.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on WNC shares. Zacks Investment Research raised shares of Wabash National from a “sell” rating to a “hold” rating in a research note on Saturday, November 6th. Stephens dropped their target price on shares of Wabash National from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 29th. TheStreet upgraded shares of Wabash National from a “c+” rating to a “b” rating in a research report on Friday, October 22nd. Finally, Raymond James boosted their target price on shares of Wabash National from $18.00 to $22.00 and gave the company a “strong-buy” rating in a research report on Monday, November 15th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $19.80.
Wabash National (NYSE:WNC) last released its quarterly earnings data on Tuesday, November 9th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Wabash National had a net margin of 1.85% and a return on equity of 7.76%. The firm had revenue of $482.57 million for the quarter, compared to the consensus estimate of $517.23 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The business’s revenue was up 37.3% on a year-over-year basis. On average, analysts anticipate that Wabash National Co. will post 0.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 27th. Shareholders of record on Thursday, January 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, January 5th. This represents a $0.32 annualized dividend and a yield of 1.76%. Wabash National’s payout ratio is 51.61%.
In other news, CEO Brent L. Yeagy sold 3,672 shares of the company’s stock in a transaction on Monday, September 27th. The shares were 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 at this hyperlink. 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 transaction of $29,376.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,344 shares of company stock worth $117,504. Corporate insiders own 1.12% of the company’s stock.
Wabash National Company Profile
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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