Royce & Associates LP Purchases 52,044 Shares of Wabash National Co. (NYSE:WNC)

Royce & Associates LP grew its position in shares of Wabash National Co. (NYSE:WNC) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,246,060 shares of the company’s stock after acquiring an additional 52,044 shares during the period. Royce & Associates LP’s holdings in Wabash National were worth $23,912,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in shares of Wabash National by 4.2% during the first quarter. QRG Capital Management Inc. now owns 14,910 shares of the company’s stock worth $446,000 after acquiring an additional 606 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Wabash National by 35.5% during the first quarter. Russell Investments Group Ltd. now owns 37,033 shares of the company’s stock worth $1,109,000 after acquiring an additional 9,696 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Wabash National by 7.2% during the first quarter. ProShare Advisors LLC now owns 9,273 shares of the company’s stock worth $278,000 after acquiring an additional 624 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Wabash National by 78.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 24,173 shares of the company’s stock worth $724,000 after acquiring an additional 10,625 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Wabash National during the first quarter worth approximately $233,000. 97.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Wabash National Stock Performance

Shares of Wabash National stock opened at $19.16 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. Wabash National Co. has a 52-week low of $15.94 and a 52-week high of $30.07. The company’s 50 day moving average price is $18.63 and its 200-day moving average price is $20.32.

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

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.