Wabash National Corporation $WNC Shares Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Wabash National Corporation by 61.1% during Q2, owning 309,952 shares valued at $3.29 million after acquiring an additional 117,554 shares.
• Wabash National recently announced a quarterly dividend of $0.08 per share, yielding 3.5%, with a payout ratio of -13.22%.
• Currently, Wabash National has a current market cap of $369.89 million and a negative PE ratio of -3.73, as well as a 52-week stock price range between $6.78 and $20.63.

Allianz Asset Management GmbH lifted its position in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 61.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,952 shares of the company's stock after purchasing an additional 117,554 shares during the quarter. Allianz Asset Management GmbH owned 0.74% of Wabash National worth $3,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mutual Advisors LLC grew its stake in shares of Wabash National by 49.3% during the 2nd quarter. Mutual Advisors LLC now owns 91,823 shares of the company's stock worth $915,000 after purchasing an additional 30,340 shares during the period. Inspire Investing LLC grew its stake in shares of Wabash National by 17.1% during the 2nd quarter. Inspire Investing LLC now owns 36,431 shares of the company's stock worth $387,000 after purchasing an additional 5,333 shares during the period. Polaris Capital Management LLC grew its stake in shares of Wabash National by 35.1% during the 2nd quarter. Polaris Capital Management LLC now owns 132,100 shares of the company's stock worth $1,404,000 after purchasing an additional 34,300 shares during the period. SummerHaven Investment Management LLC grew its stake in Wabash National by 3.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 38,962 shares of the company's stock valued at $414,000 after acquiring an additional 1,396 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Wabash National by 75.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 81,067 shares of the company's stock valued at $862,000 after acquiring an additional 34,984 shares during the period. Institutional investors and hedge funds own 97.05% of the company's stock.

Wabash National Trading Up 1.4%

Shares of WNC opened at $9.04 on Friday. Wabash National Corporation has a 52-week low of $6.78 and a 52-week 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 firm's fifty day moving average is $10.28 and its two-hundred day moving average is $10.02. The stock has a market cap of $369.89 million, a PE ratio of -3.73 and a beta of 1.66.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Wednesday, December 1st. The company reported $0.22 earnings per share (EPS) for the quarter. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The company had revenue of $482.57 million for the quarter. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. Research analysts forecast that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, October 2nd. Wabash National's payout ratio is -13.22%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Wabash National in a research note on Friday. National Bankshares set a $9.00 price target on shares of Wabash National in a research note on Thursday. Finally, DA Davidson dropped their price target on shares of Wabash National from $9.50 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, October 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $9.00.

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.

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