Wabash National Co. (NYSE:WNC) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP increased its holdings in shares of Wabash National Co. (NYSE:WNC - Free Report) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,875,190 shares of the company's stock after purchasing an additional 117,704 shares during the quarter. Wasatch Advisors LP owned approximately 4.33% of Wabash National worth $35,985,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Wabash National by 40.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company's stock valued at $22,175,000 after acquiring an additional 290,287 shares during the last quarter. Raymond James & Associates raised its holdings 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 in the last quarter. VELA Investment Management LLC lifted its position in shares of Wabash National by 19.0% in the 2nd quarter. VELA Investment Management LLC now owns 182,102 shares of the company's stock worth $3,977,000 after purchasing an additional 29,011 shares during the period. Millennium Management LLC boosted its position in Wabash National by 1,311.6% during the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company's stock valued at $6,113,000 after acquiring an additional 260,072 shares in the last quarter. Finally, CX Institutional bought a new stake in Wabash National during the third quarter valued at about $2,322,000. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Stock Up 1.1 %

Shares of WNC traded up $0.22 during mid-day trading on Friday, hitting $19.83. 170,885 shares of the company traded hands, compared to its average volume of 424,632. 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 1-year low of $15.94 and a 1-year high of $30.07. The company has a market capitalization of $859.43 million, a PE ratio of -3.65 and a beta of 1.54. The business has a 50 day moving average of $18.65 and a 200 day moving average of $19.98.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data 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 firm 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 firm's revenue for the quarter was down 26.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. Equities research analysts anticipate that Wabash National Co. will post 1.29 EPS for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, January 9th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, January 9th. This represents a $0.32 annualized dividend and a dividend yield of 1.61%. Wabash National's dividend payout ratio (DPR) is presently -5.89%.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a "neutral" rating and issued a $18.00 price target on shares of Wabash National in a 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.