36,191 Shares in Wabash National Co. (NYSE:WNC) Bought by Systematic Financial Management LP

Systematic Financial Management LP purchased a new position in shares of Wabash National Co. (NYSE:WNC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 36,191 shares of the company's stock, valued at approximately $695,000. Systematic Financial Management LP owned about 0.08% of Wabash National as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wasatch Advisors LP raised its position in Wabash National by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company's stock worth $35,985,000 after acquiring an additional 117,704 shares during the last quarter. LSV Asset Management raised its position in shares of Wabash National by 8.6% during the 2nd quarter. LSV Asset Management now owns 1,260,183 shares of the company's stock worth $27,522,000 after purchasing an additional 99,700 shares during the last quarter. Royce & Associates LP lifted its stake in Wabash National by 4.4% in the 3rd quarter. Royce & Associates LP now owns 1,246,060 shares of the company's stock valued at $23,912,000 after buying an additional 52,044 shares in the last quarter. American Century Companies Inc. grew its holdings in Wabash National by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 1,095,915 shares of the company's stock valued at $23,935,000 after buying an additional 180,080 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Wabash National by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company's stock worth $20,040,000 after buying an additional 28,913 shares in the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Trading Up 0.1 %

Shares of NYSE WNC traded up $0.02 during midday trading on Friday, reaching $19.31. 355,685 shares of the stock were exchanged, compared to its average volume of 393,534. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $836.90 million, a P/E ratio of -3.56 and a beta of 1.54. The stock has a 50 day moving average price of $18.71 and a 200-day moving average price of $19.89. Wabash National Co. has a 52-week low of $15.94 and a 52-week high of $30.07.

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 (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The business had revenue of $464.00 million for the quarter, compared to analyst estimates of $477.35 million. Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. Wabash National's revenue for the quarter was down 26.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.16 EPS. Equities research analysts expect that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 9th will be issued 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 payout ratio is currently -5.89%.

Analysts Set New Price Targets

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 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.