State of Alaska Department of Revenue lifted its holdings in Wabash National Co. (NYSE:WNC) by 121.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,836 shares of the company’s stock after acquiring an additional 22,969 shares during the period. State of Alaska Department of Revenue owned approximately 0.08% of Wabash National worth $607,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its position in shares of Wabash National by 1.1% in the second quarter. Arizona State Retirement System now owns 85,978 shares of the company’s stock worth $1,399,000 after acquiring an additional 900 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Wabash National by 128.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,307 shares of the company’s stock valued at $70,000 after purchasing an additional 2,420 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Wabash National by 6.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 44,343 shares of the company’s stock valued at $721,000 after purchasing an additional 2,556 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Wabash National by 1.6% during the 2nd quarter. Macquarie Group Ltd. now owns 224,461 shares of the company’s stock valued at $3,652,000 after purchasing an additional 3,533 shares in the last quarter. Finally, First Hawaiian Bank grew its holdings in Wabash National by 34.3% during the 2nd quarter. First Hawaiian Bank now owns 19,760 shares of the company’s stock valued at $321,000 after purchasing an additional 5,050 shares in the last quarter. 98.45% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on WNC shares. ValuEngine lowered shares of Wabash National from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets set a $14.00 price target on shares of Wabash National and gave the company a “hold” rating in a report on Thursday, October 10th. Zacks Investment Research lowered shares of Wabash National from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Craig Hallum lowered shares of Wabash National from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Wabash National presently has an average rating of “Hold” and an average target price of $17.67.
Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.07. The company had revenue of $626.05 million during the quarter, compared to analyst estimates of $613.36 million. Wabash National had a net margin of 2.67% and a return on equity of 17.36%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. As a group, sell-side analysts anticipate that Wabash National Co. will post 1.7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, October 2nd. Wabash National’s dividend payout ratio is currently 22.22%.
Wabash National Profile
Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.
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