Hotchkis & Wiley Capital Management LLC Has $11.32 Million Position in Wabash National Co. (NYSE:WNC)

Hotchkis & Wiley Capital Management LLC boosted its position in Wabash National Co. (NYSE:WNC - Free Report) by 43.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 589,929 shares of the company's stock after acquiring an additional 178,430 shares during the period. Hotchkis & Wiley Capital Management LLC owned 1.36% of Wabash National worth $11,321,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP lifted its holdings in shares of Wabash National by 6.7% during the 3rd quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company's stock valued at $35,985,000 after purchasing an additional 117,704 shares in the last quarter. LSV Asset Management increased 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 increased its holdings in shares of Wabash National by 4.4% during the 3rd quarter. Royce & Associates LP now owns 1,246,060 shares of the company's stock worth $23,912,000 after acquiring an additional 52,044 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Wabash National by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 1,095,915 shares of the company's stock worth $23,935,000 after acquiring an additional 180,080 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Wabash National by 2.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company's stock worth $20,040,000 after acquiring an additional 28,913 shares during the last quarter. Institutional investors own 97.05% of the company's stock.

Analyst Ratings Changes

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

Wabash National Stock Performance

Shares of WNC stock traded up $0.46 during trading on Wednesday, reaching $20.11. 360,862 shares of the company's stock were exchanged, compared to its average volume of 579,889. 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 capitalization of $871.57 million, a PE ratio of -3.70 and a beta of 1.54. Wabash National Co. has a twelve month low of $15.94 and a twelve month high of $30.07. The firm's fifty day moving average price is $18.70 and its 200-day moving average price is $19.93.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly 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 firm had revenue of $464.00 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 earnings per share. As a group, sell-side analysts anticipate that Wabash National Co. will post 1.29 EPS for the current year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.59%. Wabash National's payout ratio is -5.89%.

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.