B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 51,312 Wabash National Co. (NYSE:WNC)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Wabash National Co. (NYSE:WNC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,312 shares of the company's stock, valued at approximately $985,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.12% of Wabash National as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WNC. Russell Investments Group Ltd. raised its holdings in Wabash National by 35.5% during the 1st quarter. Russell Investments Group Ltd. now owns 37,033 shares of the company's stock valued at $1,109,000 after acquiring an additional 9,696 shares during the period. ProShare Advisors LLC lifted its holdings in Wabash National by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 9,273 shares of the company's stock worth $278,000 after purchasing an additional 624 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Wabash National by 78.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,173 shares of the company's stock worth $724,000 after purchasing an additional 10,625 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Wabash National during the 1st quarter valued at about $233,000. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Wabash National by 5.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 39,677 shares of the company's stock valued at $1,189,000 after buying an additional 2,063 shares during the period. 97.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a "neutral" rating and issued a $18.00 price objective on shares of Wabash National in a research report on Monday, September 30th.

Wabash National Price Performance

Shares of Wabash National stock traded up $0.40 during trading on Friday, hitting $19.31. The stock had a trading volume of 362,609 shares, compared to its average volume of 514,193. The firm has a market cap of $836.84 million, a price-to-earnings ratio of -3.56 and a beta of 1.54. Wabash National Co. has a 12 month low of $15.94 and a 12 month high of $30.07. The business's 50-day moving average is $18.64 and its 200 day moving average is $20.12. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97.

Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The company had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. During the same period in the previous year, the company earned $1.16 EPS. Wabash National's quarterly revenue was down 26.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Wabash National Co. will post 1.29 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $0.32 annualized dividend and a dividend yield of 1.66%. Wabash National's dividend payout ratio (DPR) is presently -5.89%.

Wabash National 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.