Quantbot Technologies LP Has $970,000 Holdings in Wabash National Co. (NYSE:WNC)

Quantbot Technologies LP trimmed its holdings in Wabash National Co. (NYSE:WNC) by 18.0% in the third quarter, Holdings Channel reports. The fund owned 50,563 shares of the company’s stock after selling 11,133 shares during the period. Quantbot Technologies LP’s holdings in Wabash National were worth $970,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WNC. Victory Capital Management Inc. grew its position in shares of Wabash National by 40.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock valued at $22,175,000 after purchasing an additional 290,287 shares during the period. Raymond James & Associates boosted its holdings in shares of Wabash National by 42.4% in the second quarter. Raymond James & Associates now owns 202,034 shares of the company’s stock valued at $4,412,000 after buying an additional 60,178 shares during the period. VELA Investment Management LLC increased its position in shares of Wabash National by 19.0% during the second quarter. VELA Investment Management LLC now owns 182,102 shares of the company’s stock worth $3,977,000 after acquiring an additional 29,011 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Wabash National by 1,311.6% during the second quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock worth $6,113,000 after acquiring an additional 260,072 shares during the period. Finally, CX Institutional bought a new stake in Wabash National in the 3rd quarter valued at $2,322,000. 97.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “neutral” rating and set a $18.00 target price on shares of Wabash National in a report on Monday, September 30th.

Wabash National Stock Up 1.1 %

Shares of Wabash National stock opened at $19.83 on Monday. Wabash National Co. has a 52-week low of $15.94 and a 52-week high of $30.07. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. The business’s 50 day simple moving average is $18.65 and its 200 day simple moving average is $19.98. The firm has a market cap of $859.43 million, a PE ratio of -3.65 and a beta of 1.54.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The business had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. On average, analysts predict that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 9th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, January 9th. Wabash National’s payout ratio is -5.89%.

Wabash National Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.