Principal Financial Group Inc. lowered its stake in Wabash National Corporation (NYSE:WNC) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 520,697 shares of the company’s stock after selling 1,510 shares during the period. Principal Financial Group Inc. owned approximately 0.87% of Wabash National Corporation worth $10,773,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of WNC. Karp Capital Management Corp bought a new stake in shares of Wabash National Corporation during the first quarter valued at $735,000. Teachers Advisors LLC raised its stake in shares of Wabash National Corporation by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 784,721 shares of the company’s stock valued at $12,414,000 after buying an additional 4,064 shares during the last quarter. AXA raised its stake in shares of Wabash National Corporation by 18.0% in the first quarter. AXA now owns 220,600 shares of the company’s stock valued at $4,564,000 after buying an additional 33,600 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Wabash National Corporation by 7.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 240,182 shares of the company’s stock valued at $4,969,000 after buying an additional 17,598 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Wabash National Corporation by 179.5% in the fourth quarter. Guggenheim Capital LLC now owns 333,629 shares of the company’s stock valued at $5,277,000 after buying an additional 214,246 shares during the last quarter.
Wabash National Corporation (NYSE:WNC) traded down 3.84% during mid-day trading on Friday, reaching $19.03. The company’s stock had a trading volume of 1,624,176 shares. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $24.16. The company has a 50-day moving average price of $21.77 and a 200-day moving average price of $20.76. The firm has a market cap of $1.12 billion, a PE ratio of 12.27 and a beta of 1.82.
Wabash National Corporation (NYSE:WNC) last posted its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.05. The firm had revenue of $435.90 million during the quarter, compared to analyst estimates of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, equities research analysts expect that Wabash National Corporation will post $1.49 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 6th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.26%. Wabash National Corporation’s dividend payout ratio is currently 15.48%.
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Several equities research analysts recently commented on the company. BMO Capital Markets restated a “hold” rating and issued a $20.00 target price on shares of Wabash National Corporation in a report on Friday, July 7th. BidaskClub upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National Corporation in a research report on Thursday, April 6th. Finally, ValuEngine raised Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.71.
Wabash National Corporation Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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