Federated Hermes Inc. acquired a new stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 531,619 shares of the company's stock, valued at approximately $5,874,000. Federated Hermes Inc. owned 1.27% of Wabash National at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of WNC. Royce & Associates LP increased its holdings in Wabash National by 2.3% in the 1st quarter. Royce & Associates LP now owns 985,877 shares of the company's stock valued at $10,894,000 after acquiring an additional 22,510 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Wabash National during the 1st quarter worth about $671,000. Allianz Asset Management GmbH boosted its stake in shares of Wabash National by 69.9% during the 1st quarter. Allianz Asset Management GmbH now owns 192,398 shares of the company's stock worth $2,126,000 after purchasing an additional 79,186 shares during the period. Signaturefd LLC boosted its stake in shares of Wabash National by 1,517.3% during the 1st quarter. Signaturefd LLC now owns 8,976 shares of the company's stock worth $99,000 after purchasing an additional 8,421 shares during the period. Finally, CWM LLC boosted its stake in shares of Wabash National by 1,520.7% during the 1st quarter. CWM LLC now owns 5,235 shares of the company's stock worth $58,000 after purchasing an additional 4,912 shares during the period. 97.05% of the stock is currently owned by institutional investors.
Wabash National Price Performance
Shares of WNC opened at $9.57 on Monday. The company has a 50 day moving average price of $10.17 and a 200-day moving average price of $10.95. Wabash National Corporation has a fifty-two week low of $6.78 and a fifty-two week high of $20.63. The stock has a market capitalization of $391.80 million, a PE ratio of -3.95 and a beta of 1.65. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68.
Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.16. The firm had revenue of $458.82 million during the quarter, compared to analyst estimates of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. Wabash National's revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. Equities analysts predict that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.
Wabash National Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 3.3%. Wabash National's dividend payout ratio is presently -13.22%.
Wall Street Analyst Weigh In
Separately, DA Davidson boosted their price objective on shares of Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a research report on Monday, June 23rd.
View Our Latest Stock Analysis on WNC
About Wabash National
(
Free Report)
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.
See Also
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