Fmr LLC Holds Holdings in Wabash National Corporation (WNC)

Fmr LLC continued to hold its stake in shares of Wabash National Corporation (NYSE:WNC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,459 shares of the company’s stock at the end of the 2nd quarter. Fmr LLC’s holdings in Wabash National Corporation were worth $560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WNC. UBS Asset Management Americas Inc. increased its position in shares of Wabash National Corporation by 1.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock valued at $277,000 after purchasing an additional 200 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Wabash National Corporation by 1.4% during the 1st quarter. Alliancebernstein L.P. now owns 95,300 shares of the company’s stock valued at $1,972,000 after purchasing an additional 1,300 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Wabash National Corporation by 2.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 34,000 shares of the company’s stock valued at $703,000 after purchasing an additional 960 shares during the last quarter. Morgan Stanley increased its position in shares of Wabash National Corporation by 70.7% during the 1st quarter. Morgan Stanley now owns 822,425 shares of the company’s stock valued at $17,015,000 after purchasing an additional 340,607 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Wabash National Corporation during the 1st quarter valued at approximately $4,966,000.

Wabash National Corporation (WNC) opened at $19.84 on Friday. The company has a market capitalization of $1,145.95, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. 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 12-month low of $12.37 and a 12-month high of $24.16.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio (DPR) is presently 17.91%.

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Several research firms have recently weighed in on WNC. Craig Hallum raised Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research raised Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub raised Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. BMO Capital Markets reissued a “hold” rating on shares of Wabash National Corporation in a research report on Monday, October 23rd. Finally, Aegis boosted their target price on Wabash National Corporation from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.86.

Wabash National Corporation 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.

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

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