The Manufacturers Life Insurance Company Has $833,000 Stock Holdings in Wabash National Co. (NYSE:WNC)

The Manufacturers Life Insurance Company cut its holdings in Wabash National Co. (NYSE:WNC) by 34.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,409 shares of the company’s stock after selling 22,425 shares during the period. The Manufacturers Life Insurance Company owned about 0.10% of Wabash National worth $833,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WNC. Kathleen S. Wright Associates Inc. bought a new position in shares of Wabash National in the 3rd quarter valued at about $27,000. Gladius Capital Management LP bought a new position in shares of Wabash National in the 3rd quarter valued at about $29,000. Innealta Capital LLC acquired a new position in shares of Wabash National during the 2nd quarter worth about $33,000. Point72 Hong Kong Ltd bought a new stake in shares of Wabash National in the 2nd quarter valued at about $34,000. Finally, Meeder Asset Management Inc. bought a new position in Wabash National during the third quarter worth about $44,000. Institutional investors own 97.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Wabash National Stock Down 3.2 %

Shares of WNC opened at $19.46 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. Wabash National Co. has a 12 month low of $15.94 and a 12 month high of $30.07. The firm’s 50 day moving average is $18.82 and its 200-day moving average is $19.84. The stock has a market capitalization of $843.40 million, a PE ratio of -3.58 and a beta of 1.54.

Wabash National (NYSE:WNC) last announced its quarterly earnings data 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 firm 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 business’s revenue was down 26.7% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. Equities research analysts forecast that Wabash National Co. will post 1.29 EPS for the current year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, January 9th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.64%. Wabash National’s payout ratio is -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.