Principal Financial Group Inc. Has $3.98 Million Stock Position in Wabash National Co. (NYSE:WNC)

Principal Financial Group Inc. lessened its holdings in shares of Wabash National Co. (NYSE:WNC) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 207,433 shares of the company’s stock after selling 46,557 shares during the period. Principal Financial Group Inc. owned 0.48% of Wabash National worth $3,981,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Wabash National by 40.0% in 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 last quarter. Millennium Management LLC boosted its holdings in 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 during the last quarter. Weiss Asset Management LP acquired a new stake in Wabash National during the 3rd quarter valued at approximately $3,457,000. American Century Companies Inc. raised its holdings in Wabash National by 19.7% during the 2nd 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 during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Wabash National by 43.4% in the 3rd 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. Institutional investors own 97.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Wabash National Stock Down 0.8 %

Shares of Wabash National stock opened at $17.00 on Friday. The stock’s 50-day moving average is $18.61 and its 200 day moving average is $19.44. Wabash National Co. has a one year low of $15.94 and a one year high of $30.07. The firm has a market cap of $736.73 million, a price-to-earnings ratio of -3.13 and a beta of 1.54. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The company had revenue of $464.00 million for the quarter, compared to analyst estimates of $477.35 million. During the same period last year, the business earned $1.16 EPS. The business’s quarterly revenue was down 26.7% compared to the same quarter last year. Equities research analysts anticipate 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. Stockholders of record on Thursday, January 9th will be given 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 (DPR) is presently -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.