Fmr LLC Raises Holdings in Wabash National Co. (NYSE:WNC)

Fmr LLC increased its position in Wabash National Co. (NYSE:WNC) by 84.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,362 shares of the company’s stock after buying an additional 6,105 shares during the period. Fmr LLC’s holdings in Wabash National were worth $256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position 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 valued at $22,175,000 after acquiring an additional 290,287 shares during the last quarter. Millennium Management LLC lifted its position in Wabash National by 1,311.6% during the second quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after purchasing an additional 260,072 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Wabash National by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after buying an additional 180,080 shares in the last quarter. CX Institutional bought a new stake in shares of Wabash National in the 3rd quarter worth about $2,322,000. Finally, LSV Asset Management raised its position 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 buying an additional 99,700 shares in the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Stock Performance

NYSE:WNC opened at $17.01 on Friday. 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 stock’s fifty day moving average is $18.77 and its 200 day moving average is $19.66. The firm has a market capitalization of $737.16 million, a PE ratio of -3.13 and a beta of 1.54. Wabash National Co. has a fifty-two week low of $15.94 and a fifty-two 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 the consensus estimate 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 positive return on equity of 22.98% and a negative net margin of 10.94%. Wabash National’s revenue was down 26.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. On average, sell-side analysts anticipate that Wabash National Co. will post 1.29 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.88%. Wabash National’s dividend payout ratio is -5.89%.

Wall Street Analyst Weigh In

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

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.