Wabash National Co. (NYSE:WNC) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Wabash National Co. (NYSE:WNC - Free Report) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,044,268 shares of the company's stock after acquiring an additional 28,913 shares during the quarter. Victory Capital Management Inc. owned about 2.41% of Wabash National worth $20,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in Wabash National by 1,311.6% in the second quarter. Millennium Management LLC now owns 279,900 shares of the company's stock valued at $6,113,000 after purchasing an additional 260,072 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Wabash National by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 1,095,915 shares of the company's stock worth $23,935,000 after purchasing an additional 180,080 shares in the last quarter. CX Institutional purchased a new position in shares of Wabash National in the 3rd quarter worth about $2,322,000. LSV Asset Management grew its holdings in shares of Wabash National by 8.6% during the second quarter. LSV Asset Management now owns 1,260,183 shares of the company's stock valued at $27,522,000 after buying an additional 99,700 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in Wabash National by 100.3% during the 2nd quarter. Squarepoint Ops LLC now owns 182,258 shares of the company's stock valued at $3,981,000 after purchasing an additional 91,265 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wall Street Analyst Weigh In

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

Wabash National Price Performance

Shares of NYSE:WNC traded down $0.47 during midday trading on Tuesday, reaching $18.56. 511,521 shares of the company were exchanged, compared to its average volume of 587,325. The stock has a market cap of $804.39 million, a PE ratio of -3.43 and a beta of 1.54. The business's fifty day moving average is $18.65 and its two-hundred day moving average is $20.22. 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 Co. has a one year low of $15.94 and a one year high of $30.07.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results 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 analysts' expectations of $477.35 million. Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The firm's quarterly revenue was down 26.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. As a group, analysts predict that Wabash National Co. will post 1.29 earnings per share for the current year.

Wabash National Company 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.