Meros Investment Management LP Has $9.28 Million Holdings in Wabash National Co. (NYSE:WNC)

Meros Investment Management LP lifted its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 21.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 483,774 shares of the company's stock after purchasing an additional 84,308 shares during the quarter. Wabash National makes up about 4.2% of Meros Investment Management LP's investment portfolio, making the stock its 6th largest position. Meros Investment Management LP owned 1.12% of Wabash National worth $9,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WNC. Victory Capital Management Inc. raised its position in Wabash National by 40.0% in the second quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company's stock worth $22,175,000 after purchasing an additional 290,287 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Wabash National by 75.9% during the third quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company's stock worth $1,623,000 after buying an additional 36,490 shares in the last quarter. VELA Investment Management LLC raised its stake in shares of Wabash National by 19.0% in the second quarter. VELA Investment Management LLC now owns 182,102 shares of the company's stock valued at $3,977,000 after acquiring an additional 29,011 shares during the last quarter. Raymond James & Associates raised its stake in shares of Wabash National by 42.4% in the second quarter. Raymond James & Associates now owns 202,034 shares of the company's stock valued at $4,412,000 after acquiring an additional 60,178 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Wabash National by 1,311.6% in the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company's stock worth $6,113,000 after acquiring an additional 260,072 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.

Wabash National Price Performance

NYSE:WNC traded down $0.16 during mid-day trading on Wednesday, reaching $20.10. 616,930 shares of the company were exchanged, compared to its average volume of 576,616. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. The stock has a market cap of $871.07 million, a PE ratio of -3.73 and a beta of 1.54. Wabash National Co. has a 12 month low of $15.94 and a 12 month high of $30.07. The company has a fifty day moving average of $18.75 and a 200 day moving average of $19.84.

Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). The company had revenue of $464.00 million during the quarter, compared to analyst estimates 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 revenue for the quarter was down 26.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 EPS. On average, research analysts anticipate that Wabash National Co. will post 1.29 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, January 9th. Wabash National's dividend payout ratio is -5.89%.

Analyst Ratings Changes

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

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.