Wabash National Corporation $WNC Shares Purchased by Royal Bank of Canada

Royal Bank of Canada grew its stake in shares of Wabash National Corporation (NYSE:WNC) by 1,036.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,621 shares of the company’s stock after buying an additional 46,165 shares during the quarter. Royal Bank of Canada owned about 0.12% of Wabash National worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Wabash National by 2.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,821,212 shares of the company’s stock valued at $17,975,000 after acquiring an additional 36,226 shares during the period. Dimensional Fund Advisors LP boosted its stake in Wabash National by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock valued at $14,291,000 after purchasing an additional 247,345 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Wabash National by 17.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,548,493 shares of the company’s stock valued at $13,394,000 after purchasing an additional 233,979 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Wabash National by 4.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,445,635 shares of the company’s stock worth $15,367,000 after buying an additional 59,054 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Wabash National by 161.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,108,072 shares of the company’s stock valued at $9,585,000 after buying an additional 684,397 shares during the period. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Trading Up 3.0%

NYSE:WNC opened at $12.41 on Wednesday. The stock has a fifty day simple moving average of $12.72 and a 200 day simple moving average of $10.26. The firm has a market capitalization of $505.79 million, a price-to-earnings ratio of -6.43 and a beta of 1.44. Wabash National Corporation has a 1-year low of $6.63 and a 1-year high of $14.32. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 1.75.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.03. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.The firm had revenue of $417.24 million for the quarter, compared to the consensus estimate of $402.85 million. During the same quarter in the previous year, the company earned ($0.15) EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. Sell-side analysts forecast that Wabash National Corporation will post -2.41 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 8th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.6%. Wabash National’s payout ratio is currently -16.58%.

Analysts Set New Price Targets

Several equities research analysts have commented on WNC shares. Citizens Jmp initiated coverage on shares of Wabash National in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $25.00 price target on the stock. DA Davidson restated a “buy” rating and set a $20.00 price objective on shares of Wabash National in a research report on Monday. Wall Street Zen raised shares of Wabash National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. National Bank Financial set a $20.00 target price on shares of Wabash National in a report on Wednesday, August 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Wabash National in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Wabash National has an average rating of “Hold” and an average price target of $21.67.

About Wabash National

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.