Wabash National Co. (NYSE:WNC) Shares Purchased by Royce & Associates LP

Royce & Associates LP lifted its holdings in Wabash National Co. (NYSE:WNC - Free Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,246,060 shares of the company's stock after buying an additional 52,044 shares during the period. Royce & Associates LP owned about 2.88% of Wabash National worth $23,912,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of Wabash National during the 3rd quarter worth about $27,000. Innealta Capital LLC bought a new stake in shares of Wabash National in the 2nd quarter valued at about $33,000. Point72 Hong Kong Ltd purchased a new stake in Wabash National during the second quarter worth $34,000. CWM LLC boosted its position in Wabash National by 353.5% during the second quarter. CWM LLC now owns 2,272 shares of the company's stock valued at $50,000 after purchasing an additional 1,771 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Wabash National during the 2nd quarter worth approximately $66,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Wabash National Stock Performance

Shares of Wabash National stock traded down $0.19 on Friday, reaching $19.16. 330,671 shares of the stock were exchanged, compared to its average volume of 600,121. The business has a 50 day moving average price of $18.64 and a two-hundred day moving average price of $20.29. The firm has a market capitalization of $830.39 million, a price-to-earnings ratio of -3.53 and a beta of 1.54. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. Wabash National Co. has a twelve month low of $15.94 and a twelve month high of $30.07.

Wabash National (NYSE:WNC - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $477.35 million. During the same period last year, the business earned $1.16 earnings per share. The firm's revenue was down 26.7% on a year-over-year basis. Analysts anticipate that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

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.