Wabash National Co. (NYSE:WNC) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its holdings in shares of Wabash National Co. (NYSE:WNC) by 66.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,410 shares of the company’s stock after purchasing an additional 8,932 shares during the period. Sanctuary Advisors LLC owned approximately 0.05% of Wabash National worth $433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. increased its stake in 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 buying an additional 290,287 shares during the period. Millennium Management LLC boosted its holdings in shares of Wabash National by 1,311.6% in the second 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 in the last quarter. Weiss Asset Management LP acquired a new position in shares of Wabash National during the third quarter valued at approximately $3,457,000. American Century Companies Inc. raised its holdings in Wabash National by 19.7% during the second quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after purchasing an additional 180,080 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Wabash National by 43.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock worth $11,321,000 after purchasing an additional 178,430 shares during the period. 97.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Wabash National Stock Performance

NYSE:WNC opened at $17.52 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. The company has a 50-day moving average of $18.67 and a 200-day moving average of $19.58. Wabash National Co. has a twelve month low of $15.94 and a twelve month high of $30.07. The firm has a market cap of $759.26 million, a price-to-earnings ratio of -3.23 and a beta of 1.54.

Wabash National (NYSE:WNC) last posted its quarterly 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 company 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%. Wabash National’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 EPS. Analysts forecast that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, January 9th will be paid a $0.08 dividend. The ex-dividend date is Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.83%. Wabash National’s dividend payout ratio 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.