Wabash National Co. (NYSE:WNC) Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its position in shares of Wabash National Co. (NYSE:WNC) by 61.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,971 shares of the company’s stock after purchasing an additional 6,483 shares during the quarter. Bank of Montreal Can’s holdings in Wabash National were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WNC. Wasatch Advisors LP boosted its position in Wabash National by 66.9% in the 1st quarter. Wasatch Advisors LP now owns 1,380,766 shares of the company’s stock valued at $41,340,000 after buying an additional 553,500 shares during the last quarter. LSV Asset Management increased its holdings in shares of Wabash National by 8.6% during the 2nd quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock valued at $27,522,000 after acquiring an additional 99,700 shares during the last quarter. American Century Companies Inc. raised its stake in Wabash National by 19.7% during the 2nd 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 during the last quarter. Victory Capital Management Inc. lifted its position in Wabash National by 40.0% in the second quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock worth $22,175,000 after purchasing an additional 290,287 shares during the period. Finally, Peregrine Capital Management LLC grew its holdings in Wabash National by 0.4% during the 2nd quarter. Peregrine Capital Management LLC now owns 755,077 shares of the company’s stock worth $16,491,000 after acquiring an additional 3,135 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Down 0.8 %

NYSE:WNC opened at $18.15 on Friday. The company has a market cap of $798.38 million, a PE ratio of 4.36 and a beta of 1.52. Wabash National Co. has a one year low of $17.68 and a one year high of $30.07. The firm’s 50 day simple moving average is $19.07 and its 200 day simple moving average is $21.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 1.15.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $550.61 million for the quarter, compared to analyst estimates of $594.77 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The firm’s revenue was down 19.8% on a year-over-year basis. During the same period last year, the firm earned $1.54 earnings per share. On average, research analysts anticipate that Wabash National Co. will post 1.53 earnings per share for the current year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.32 annualized dividend and a yield of 1.76%. Wabash National’s payout ratio is 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.