Pacer Advisors Inc. lessened its position in Wabash National Co. (NYSE:WNC) by 16.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,813 shares of the company’s stock after selling 5,351 shares during the period. Pacer Advisors Inc.’s holdings in Wabash National were worth $389,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its holdings in shares of Wabash National by 128.2% in the second quarter. Meeder Asset Management Inc. now owns 4,307 shares of the company’s stock valued at $70,000 after buying an additional 2,420 shares during the period. First Quadrant L P CA acquired a new position in shares of Wabash National in the second quarter valued at approximately $82,000. Verition Fund Management LLC acquired a new position in shares of Wabash National in the second quarter valued at approximately $167,000. Convergence Investment Partners LLC acquired a new position in shares of Wabash National in the second quarter valued at approximately $170,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Wabash National in the second quarter valued at approximately $189,000. Institutional investors own 98.61% of the company’s stock.
Several research firms have recently weighed in on WNC. Zacks Investment Research cut shares of Wabash National from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. ValuEngine cut shares of Wabash National from a “sell” rating to a “strong sell” rating in a report on Monday. 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. Finally, Craig Hallum cut 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 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.67.
Wabash National (NYSE:WNC) last announced its earnings results on Wednesday, July 31st. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.07. Wabash National had a net margin of 2.67% and a return on equity of 17.36%. The business had revenue of $626.05 million during the quarter, compared to analysts’ expectations of $613.36 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Equities analysts anticipate that Wabash National Co. will post 1.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors 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 2.18%. The ex-dividend date of this dividend is Wednesday, October 2nd. Wabash National’s payout ratio is 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.
Want to see what other hedge funds are holding WNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wabash National Co. (NYSE:WNC).
Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.