UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.82 Million Holdings in Wabash National Co. (NYSE:WNC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Wabash National Co. (NYSE:WNC) by 2.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,032 shares of the company’s stock after selling 2,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Wabash National were worth $1,824,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WNC. Victory Capital Management Inc. increased its position in 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 acquiring an additional 290,287 shares in the last quarter. Millennium Management LLC grew its stake 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 valued at $6,113,000 after purchasing an additional 260,072 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Wabash National by 19.7% in the second quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock valued at $23,935,000 after purchasing an additional 180,080 shares in the last quarter. CX Institutional bought a new position in Wabash National in the 3rd quarter worth approximately $2,322,000. Finally, LSV Asset Management lifted its holdings in Wabash National by 8.6% during the 2nd quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock worth $27,522,000 after buying an additional 99,700 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Wabash National Trading Down 4.4 %

Shares of NYSE WNC opened at $18.60 on Monday. Wabash National Co. has a twelve month low of $15.94 and a twelve month high of $30.07. The stock has a market cap of $806.07 million, a price-to-earnings ratio of -3.43 and a beta of 1.54. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. The company’s fifty day moving average is $18.83 and its 200-day moving average is $19.80.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The company had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The company’s revenue was down 26.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. Equities research analysts predict that Wabash National Co. will post 1.29 EPS for the current 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 1.72%. The ex-dividend date is Thursday, January 9th. Wabash National’s payout ratio is -5.89%.

Analyst Upgrades and Downgrades

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

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.