Wabash National Co. (NYSE:WNC) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Wabash National Co. (NYSE:WNC) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,566 shares of the company’s stock after acquiring an additional 5,433 shares during the quarter. Rhumbline Advisers owned 0.33% of Wabash National worth $3,157,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its position in shares of Wabash National by 66.9% during the 1st quarter. Wasatch Advisors LP now owns 1,380,766 shares of the company’s stock valued at $41,340,000 after purchasing an additional 553,500 shares during the period. Clearbridge Investments LLC increased its position in shares of Wabash National by 383.5% during the 4th quarter. Clearbridge Investments LLC now owns 513,784 shares of the company’s stock valued at $13,163,000 after purchasing an additional 407,518 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Wabash National by 84.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 263,731 shares of the company’s stock valued at $7,896,000 after purchasing an additional 120,919 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Wabash National during the 4th quarter valued at $3,010,000. Finally, Empowered Funds LLC acquired a new position in shares of Wabash National during the 1st quarter valued at $3,052,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, DA Davidson lowered their price target on Wabash National from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th.

Wabash National Stock Performance

WNC opened at $19.68 on Wednesday. The firm has a market cap of $886.05 million, a PE ratio of 4.73 and a beta of 1.53. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $20.11 and a 200-day simple moving average of $22.84. Wabash National Co. has a fifty-two week low of $17.71 and a fifty-two week high of $30.07.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $550.61 million during the quarter, compared to analyst estimates of $594.77 million. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The company’s revenue was down 19.8% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS. As a group, equities analysts predict that Wabash National Co. will post 1.53 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, October 10th. Wabash National’s dividend payout ratio is presently 7.69%.

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.