Raymond James & Associates Reduces Stake in Wabash National Co. (NYSE:WNC)

Raymond James & Associates lowered its holdings in Wabash National Co. (NYSE:WNC) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 194,339 shares of the company’s stock after selling 7,695 shares during the quarter. Raymond James & Associates owned approximately 0.44% of Wabash National worth $3,729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management lifted its stake in shares of Wabash National by 8.6% in the 2nd quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock valued at $27,522,000 after purchasing an additional 99,700 shares during the period. American Century Companies Inc. lifted 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 valued at $23,935,000 after purchasing an additional 180,080 shares during the period. Victory Capital Management Inc. lifted its stake 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 purchasing an additional 290,287 shares during the period. Peregrine Capital Management LLC lifted its stake in shares of Wabash National by 0.4% in the 2nd quarter. Peregrine Capital Management LLC now owns 755,077 shares of the company’s stock valued at $16,491,000 after purchasing an additional 3,135 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of Wabash National by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 525,073 shares of the company’s stock valued at $15,721,000 after purchasing an additional 11,289 shares during the period. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Stock Up 0.1 %

WNC stock opened at $17.45 on Monday. Wabash National Co. has a twelve month low of $15.94 and a twelve month high of $30.07. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. The firm has a market cap of $756.28 million, a PE ratio of -3.21 and a beta of 1.54. The business has a 50 day moving average of $18.64 and a 200 day moving average of $20.63.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The company had revenue of $464.00 million for the quarter, compared to the consensus estimate of $477.35 million. During the same period last year, the business earned $1.16 EPS. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. On average, research analysts forecast that Wabash National Co. will post 1.29 EPS for the current fiscal year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, October 10th. Wabash National’s dividend payout ratio (DPR) is presently -5.89%.

Analyst Upgrades and Downgrades

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

Wabash National 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.