Barclays PLC Has $3.13 Million Stake in Wabash National Co. (NYSE:WNC)

Barclays PLC lifted its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 121.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,251 shares of the company's stock after buying an additional 89,522 shares during the quarter. Barclays PLC owned about 0.38% of Wabash National worth $3,132,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. bought a new stake in Wabash National during the third quarter worth $27,000. Gladius Capital Management LP acquired a new position in Wabash National in the 3rd quarter valued at approximately $29,000. Innealta Capital LLC bought a new position in Wabash National during the 2nd quarter worth $33,000. Point72 Hong Kong Ltd acquired a new position in shares of Wabash National in the second quarter worth approximately $34,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Wabash National in the 3rd quarter worth approximately $44,000. Institutional investors own 97.05% of the company's stock.

Wall Street Analyst Weigh In

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

Wabash National Stock Up 1.7 %

Shares of NYSE WNC traded up $0.28 during trading on Tuesday, hitting $17.12. 183,389 shares of the company traded hands, compared to its average volume of 582,648. The firm has a market capitalization of $741.93 million, a price-to-earnings ratio of -3.15 and a beta of 1.54. The business's fifty day moving average is $18.73 and its 200 day moving average is $19.62. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. Wabash National Co. has a fifty-two week low of $15.94 and a fifty-two week high of $30.07.

Wabash National (NYSE:WNC - Get Free Report) last issued its 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). The firm had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The business's quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 earnings per share. Equities research analysts predict that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, January 9th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, January 9th. Wabash National's dividend payout ratio is currently -5.89%.

About Wabash National

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.