Allianz Asset Management GmbH Grows Stock Holdings in Wabash National Corporation (NYSE:WNC)

Allianz Asset Management GmbH raised its stake in Wabash National Corporation (NYSE:WNC - Free Report) by 69.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,398 shares of the company's stock after buying an additional 79,186 shares during the period. Allianz Asset Management GmbH owned about 0.45% of Wabash National worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Wabash National by 255.9% in the 1st quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock valued at $26,000 after acquiring an additional 1,722 shares during the period. Allworth Financial LP grew its stake in Wabash National by 268.8% in the first quarter. Allworth Financial LP now owns 3,220 shares of the company's stock valued at $34,000 after purchasing an additional 2,347 shares during the last quarter. Curat Global LLC bought a new position in Wabash National in the first quarter worth about $37,000. CWM LLC lifted its position in shares of Wabash National by 1,520.7% during the first quarter. CWM LLC now owns 5,235 shares of the company's stock valued at $58,000 after buying an additional 4,912 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Wabash National by 982.1% in the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock valued at $85,000 after buying an additional 6,973 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Stock Performance

Shares of WNC traded down $0.39 during trading hours on Friday, reaching $9.57. 632,752 shares of the company traded hands, compared to its average volume of 1,011,000. The business has a fifty day moving average price of $10.17 and a 200-day moving average price of $10.98. Wabash National Corporation has a 12-month low of $6.78 and a 12-month high of $20.63. The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $391.80 million, a P/E ratio of -3.95 and a beta of 1.65.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.16. The business had revenue of $458.82 million during the quarter, compared to analysts' expectations of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The business's quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. Equities analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd were given 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 dividend yield of 3.3%. Wabash National's dividend payout ratio (DPR) is -13.22%.

Analysts Set New Price Targets

Separately, DA Davidson lifted their price target on shares of Wabash National from $7.50 to $9.50 and gave the stock a "neutral" rating in a report on Monday, June 23rd.

Wabash National Company 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.