Wabash National Co. (NYSE:WNC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in Wabash National Co. (NYSE:WNC) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,095 shares of the company’s stock after selling 10,918 shares during the quarter. Rhumbline Advisers’ holdings in Wabash National were worth $2,802,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. LSV Asset Management lifted its holdings in Wabash National by 7.4% during the 2nd quarter. LSV Asset Management now owns 1,153,042 shares of the company’s stock worth $18,448,000 after buying an additional 79,837 shares in the last quarter. Russell Investments Group Ltd. grew its position in Wabash National by 44.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 67,781 shares of the company’s stock worth $1,084,000 after purchasing an additional 20,698 shares during the last quarter. Victory Capital Management Inc. grew its position in Wabash National by 16.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,161,962 shares of the company’s stock worth $18,591,000 after purchasing an additional 165,475 shares during the last quarter. Millennium Management LLC grew its position in Wabash National by 351.6% during the 1st quarter. Millennium Management LLC now owns 63,506 shares of the company’s stock worth $1,194,000 after purchasing an additional 49,445 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Wabash National by 61.2% in the 1st quarter. D. E. Shaw & Co. Inc. now owns 306,649 shares of the company’s stock worth $5,765,000 after acquiring an additional 116,478 shares during the period.

Shares of WNC stock opened at $14.19 on Tuesday. The stock has a market cap of $709.63 million, a price-to-earnings ratio of 30.19 and a beta of 1.84. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 1.05. Wabash National Co. has a fifty-two week low of $10.87 and a fifty-two week high of $20.55. The firm’s 50 day moving average price is $14.76 and its two-hundred day moving average price is $16.39.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, July 28th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. Wabash National had a net margin of 1.56% and a return on equity of 6.13%. The business had revenue of $449.42 million for the quarter, compared to analysts’ expectations of $470.00 million. On average, equities analysts forecast that Wabash National Co. will post 0.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 28th. Stockholders of record on Thursday, October 7th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, October 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.26%. Wabash National’s payout ratio is currently 213.33%.

In other news, CEO Brent L. Yeagy sold 1,836 shares of the business’s stock in a transaction on Thursday, July 1st. The shares were sold at an average price of $16.09, for a total transaction of $29,541.24. Following the transaction, the chief executive officer now directly owns 397,009 shares of the company’s stock, valued at $6,387,874.81. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.12% of the company’s stock.

WNC has been the subject of several recent analyst reports. Stephens reduced their price objective on shares of Wabash National from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, July 29th. Zacks Investment Research downgraded shares of Wabash National from a “hold” rating to a “sell” rating in a report on Wednesday, July 21st. Finally, Raymond James lowered their target price on shares of Wabash National from $21.00 to $18.00 and set a “strong-buy” rating for the company in a report on Monday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wabash National has a consensus rating of “Hold” and an average price target of $18.50.

About Wabash National

Wabash National Corp. engages in the design, manufacture and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. It operates through the following segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment manufactures van and platform trailers and other transportation related equipment to customers who purchase directly from the Company or through independent dealers.

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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