Wabash National Corporation $WNC Stake Increased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Wabash National stake by 17.5% in the first quarter, adding 247,345 shares to own approximately 4.08% of the company. Institutional investors collectively hold 97.05% of Wabash National’s stock.
• Wabash National reported a quarterly loss of $0.53 per share, slightly better than analysts’ expected $0.56 loss, while revenue reached $417.24 million, though it declined 9.1% year over year. Analysts project a full-year loss of $2.41 per share.
• The company maintains a quarterly dividend of $0.08 per share, equivalent to a 2.5% annual yield. Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $18 versus the stock’s reported price of $12.95.

Dimensional Fund Advisors LP lifted its holdings in Wabash National Corporation (NYSE:WNC - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,657,953 shares of the company's stock after buying an additional 247,345 shares during the period. Dimensional Fund Advisors LP owned about 4.08% of Wabash National worth $14,291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. raised its position in Wabash National by 0.5% during the fourth quarter. Invesco Ltd. now owns 172,931 shares of the company's stock valued at $1,496,000 after buying an additional 941 shares during the period. Deutsche Bank AG increased its holdings in shares of Wabash National by 6.9% in the 4th quarter. Deutsche Bank AG now owns 31,618 shares of the company's stock valued at $273,000 after purchasing an additional 2,052 shares during the period. Raymond James Financial Inc. lifted its position in shares of Wabash National by 12.6% in the second quarter. Raymond James Financial Inc. now owns 18,519 shares of the company's stock worth $197,000 after purchasing an additional 2,078 shares in the last quarter. Man Group plc boosted its holdings in shares of Wabash National by 4.4% during the third quarter. Man Group plc now owns 53,556 shares of the company's stock worth $529,000 after purchasing an additional 2,235 shares during the period. Finally, CWM LLC boosted its holdings in shares of Wabash National by 82.6% during the fourth quarter. CWM LLC now owns 6,099 shares of the company's stock worth $53,000 after purchasing an additional 2,758 shares during the period. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Stock Up 3.1%

Wabash National stock opened at $12.95 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75. Wabash National Corporation has a 1-year low of $6.63 and a 1-year high of $14.32. The firm's fifty day simple moving average is $11.77 and its 200-day simple moving average is $10.09. The company has a market capitalization of $527.75 million, a P/E ratio of -6.71 and a beta of 1.44.

Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.56) by $0.03. The firm had revenue of $417.24 million during the quarter, compared to analysts' expectations of $402.85 million. Wabash National had a negative net margin of 5.48% and a negative return on equity of 36.59%. Wabash National's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.15) earnings per share. Sell-side analysts forecast that Wabash National Corporation will post -2.41 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 23rd. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, July 2nd. Wabash National's dividend payout ratio is -16.58%.

Analyst Upgrades and Downgrades

WNC has been the topic of several research reports. DA Davidson reiterated a "buy" rating and issued a $20.00 price objective on shares of Wabash National in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of Wabash National from a "strong sell" rating to a "sell" rating in a report on Saturday, August 1st. Weiss Ratings downgraded shares of Wabash National from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Friday, May 15th. Finally, Citizens Jmp initiated coverage on Wabash National in a report on Wednesday, July 15th. They set an "outperform" rating and a $25.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.00.

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.

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