Wabash National Corporation (WNC) Holdings Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in shares of Wabash National Corporation (NYSE:WNC) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,853 shares of the company’s stock after selling 3,670 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Wabash National Corporation worth $1,007,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of Wabash National Corporation by 1.3% in the second quarter. State Street Corp now owns 1,620,394 shares of the company’s stock worth $35,616,000 after acquiring an additional 20,360 shares in the last quarter. Gotham Asset Management LLC increased its position in shares of Wabash National Corporation by 47.7% in the second quarter. Gotham Asset Management LLC now owns 645,734 shares of the company’s stock worth $14,193,000 after acquiring an additional 208,637 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Wabash National Corporation by 56.4% in the second quarter. Goldman Sachs Group Inc. now owns 582,757 shares of the company’s stock worth $12,809,000 after acquiring an additional 210,242 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Wabash National Corporation by 20.5% in the second quarter. Salem Investment Counselors Inc. now owns 147,200 shares of the company’s stock worth $3,235,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Petrus Trust Company LTA increased its position in shares of Wabash National Corporation by 42.0% in the second quarter. Petrus Trust Company LTA now owns 20,585 shares of the company’s stock worth $452,000 after acquiring an additional 6,089 shares in the last quarter.

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Wabash National Corporation (NYSE:WNC) opened at $19.24 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.03 and a quick ratio of 1.18. Wabash National Corporation has a 52-week low of $12.65 and a 52-week high of $24.16. The stock has a market cap of $1,170.13, a PE ratio of 14.17, a PEG ratio of 0.69 and a beta of 1.71.

Wabash National Corporation (NYSE:WNC) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). Wabash National Corporation had a return on equity of 18.42% and a net margin of 5.05%. The business had revenue of $425.10 million during the quarter, compared to the consensus estimate of $449.05 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. research analysts anticipate that Wabash National Corporation will post 1.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th were given a $0.06 dividend. The ex-dividend date was Wednesday, October 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.25%. Wabash National Corporation’s payout ratio is currently 17.91%.

WNC has been the subject of a number of recent analyst reports. Aegis raised their price target on shares of Wabash National Corporation from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Craig Hallum raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. ValuEngine lowered shares of Wabash National Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, September 27th. Finally, BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.86.

Wabash National Corporation Company Profile

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.

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

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