Charles Schwab Investment Management Inc. Has $16.44 Million Position in Wabash National Co. (NYSE:WNC)

Charles Schwab Investment Management Inc. raised its position in shares of Wabash National Co. (NYSE:WNC) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 856,438 shares of the company’s stock after purchasing an additional 46,451 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.98% of Wabash National worth $16,435,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of Wabash National in the third quarter worth $27,000. Gladius Capital Management LP acquired a new position in shares of Wabash National in the third quarter worth $29,000. Innealta Capital LLC acquired a new position in shares of Wabash National in the second quarter worth $33,000. Point72 Hong Kong Ltd acquired a new position in shares of Wabash National in the second quarter worth $34,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Wabash National in the third quarter worth $44,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Trading Up 0.1 %

Wabash National stock opened at $19.31 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12. The company has a market capitalization of $836.90 million, a price-to-earnings ratio of -3.56 and a beta of 1.54. Wabash National Co. has a one year low of $15.94 and a one year high of $30.07. The company’s fifty day moving average price is $18.71 and its two-hundred day moving average price is $19.89.

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

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Thursday, January 9th. Wabash National’s dividend payout ratio (DPR) is -5.89%.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “neutral” rating and issued 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.