Wabash National Co. (NYSE:WNC) Stock Position Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of Wabash National Co. (NYSE:WNC) by 7.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,552 shares of the company’s stock after selling 2,824 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Wabash National worth $663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WNC. Victory Capital Management Inc. raised its stake in shares of Wabash National by 40.0% during the 2nd 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 in the last quarter. Millennium Management LLC increased its holdings in shares of Wabash National by 1,311.6% during the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after acquiring an additional 260,072 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of 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 acquiring an additional 180,080 shares during the last quarter. CX Institutional acquired a new position in shares of Wabash National during the 3rd quarter valued at about $2,322,000. Finally, 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. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Wabash National Stock Performance

Shares of NYSE WNC opened at $20.11 on Thursday. 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 firm has a market cap of $871.57 million, a price-to-earnings ratio of -3.70 and a beta of 1.54. The business’s 50-day simple moving average is $18.70 and its 200-day simple moving average is $19.93. Wabash National Co. has a 52 week low of $15.94 and a 52 week high of $30.07.

Wabash National (NYSE:WNC) last released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (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 analyst estimates of $477.35 million. Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The business’s quarterly revenue was down 26.7% compared to the same quarter last year. During the same period last year, the business earned $1.16 EPS. As a group, equities research analysts expect that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, January 9th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, January 9th. Wabash National’s dividend payout ratio (DPR) is currently -5.89%.

Wabash National Company 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.