Hotchkis & Wiley Capital Management LLC Has $11.32 Million Stock Position in Wabash National Co. (NYSE:WNC)

Hotchkis & Wiley Capital Management LLC increased its stake in shares of Wabash National Co. (NYSE:WNC) by 43.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 589,929 shares of the company’s stock after purchasing an additional 178,430 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Wabash National were worth $11,321,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Wasatch Advisors LP boosted its holdings in shares of Wabash National by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company’s stock worth $35,985,000 after purchasing an additional 117,704 shares during the period. LSV Asset Management boosted its holdings in shares of Wabash National by 8.6% during the second quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock worth $27,522,000 after purchasing an additional 99,700 shares during the period. Royce & Associates LP boosted its holdings in shares of Wabash National by 4.4% during the third quarter. Royce & Associates LP now owns 1,246,060 shares of the company’s stock worth $23,912,000 after purchasing an additional 52,044 shares during the period. American Century Companies Inc. boosted its holdings in shares of Wabash National by 19.7% during the second quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after purchasing an additional 180,080 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Wabash National by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company’s stock worth $20,040,000 after purchasing an additional 28,913 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Price Performance

NYSE WNC opened at $19.63 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The company has a 50 day moving average price of $18.67 and a two-hundred day moving average price of $19.93. Wabash National Co. has a 12-month low of $15.94 and a 12-month high of $30.07.

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

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, January 9th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, January 9th. Wabash National’s dividend payout ratio (DPR) is presently -5.89%.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating and set a $18.00 price target on shares of Wabash National in a report 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.