Charles Schwab Investment Management Inc. Buys 46,451 Shares of Wabash National Co. (NYSE:WNC)

Charles Schwab Investment Management Inc. lifted its holdings in Wabash National Co. (NYSE:WNC - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 856,438 shares of the company's stock after purchasing an additional 46,451 shares during the period. Charles Schwab Investment Management Inc. owned 1.98% of Wabash National worth $16,435,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Intech Investment Management LLC acquired a new stake in shares of Wabash National in the third quarter worth about $214,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Wabash National in the 3rd quarter worth approximately $985,000. Meeder Asset Management Inc. bought a new stake in Wabash National during the third quarter worth approximately $44,000. Islay Capital Management LLC grew its holdings in Wabash National by 5.7% during the third quarter. Islay Capital Management LLC now owns 64,816 shares of the company's stock valued at $1,244,000 after purchasing an additional 3,469 shares during the last quarter. Finally, Gladius Capital Management LP bought a new position in shares of Wabash National in the third quarter valued at approximately $29,000. 97.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Wabash National Stock Performance

Shares of NYSE WNC traded up $0.02 during trading hours on Friday, hitting $19.31. 355,685 shares of the company's stock were exchanged, compared to its average volume of 390,206. The company's 50-day moving average price is $18.71 and its 200-day moving average price is $19.87. Wabash National Co. has a 1-year low of $15.94 and a 1-year high of $30.07. The stock has a market capitalization of $836.90 million, a price-to-earnings ratio of -3.56 and a beta of 1.54. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The business had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. During the same period in the prior year, the company posted $1.16 earnings per share. The firm's revenue was down 26.7% compared to the same quarter last year. On average, sell-side analysts expect 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 given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Thursday, January 9th. Wabash National's dividend payout ratio (DPR) is presently -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.