Franklin Resources Inc. Has $551,000 Holdings in Wabash National Co. (NYSE:WNC)

Franklin Resources Inc. decreased its stake in shares of Wabash National Co. (NYSE:WNC) by 21.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,733 shares of the company’s stock after selling 7,905 shares during the quarter. Franklin Resources Inc. owned about 0.07% of Wabash National worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Barclays PLC grew its position in Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company’s stock valued at $3,132,000 after purchasing an additional 89,522 shares during the period. Jane Street Group LLC grew its stake in shares of Wabash National by 46.8% during the 3rd quarter. Jane Street Group LLC now owns 160,946 shares of the company’s stock worth $3,089,000 after acquiring an additional 51,274 shares during the period. Victory Capital Management Inc. increased its holdings in Wabash National by 40.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock worth $22,175,000 after acquiring an additional 290,287 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Wabash National by 75.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company’s stock valued at $1,623,000 after acquiring an additional 36,490 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in Wabash National during the third quarter valued at about $192,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Wabash National Trading Down 1.1 %

Shares of WNC stock opened at $17.12 on Tuesday. Wabash National Co. has a 52-week low of $15.94 and a 52-week high of $30.07. The business’s fifty day moving average is $18.62 and its 200 day moving average is $19.50. 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 company has a market capitalization of $741.93 million, a PE ratio of -3.15 and a beta of 1.54.

Wabash National (NYSE:WNC) last announced 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 company had revenue of $464.00 million for 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 company’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, equities research analysts anticipate that Wabash National Co. will post 1.29 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, January 9th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, January 9th. Wabash National’s dividend payout ratio is currently -5.89%.

About Wabash National

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.