Rothschild Asset Management Inc. Buys 95,220 Shares of Wabash National Corporation (WNC)
Rothschild Asset Management Inc. raised its stake in shares of Wabash National Corporation (NYSE:WNC) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,790,653 shares of the company’s stock after purchasing an additional 95,220 shares during the period. Rothschild Asset Management Inc. owned 3.04% of Wabash National Corporation worth $40,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. raised its position in Wabash National Corporation by 390.1% during the second quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock valued at $163,000 after purchasing an additional 5,930 shares during the period. Hikari Power Ltd purchased a new stake in Wabash National Corporation during the second quarter valued at approximately $209,000. US Bancorp DE raised its position in Wabash National Corporation by 246.9% during the second quarter. US Bancorp DE now owns 9,757 shares of the company’s stock valued at $215,000 after purchasing an additional 6,944 shares during the period. Trexquant Investment LP purchased a new stake in Wabash National Corporation during the second quarter valued at approximately $235,000. Finally, ETRADE Capital Management LLC purchased a new stake in Wabash National Corporation during the second quarter valued at approximately $257,000.
Wabash National Corporation (WNC) traded up $0.28 on Tuesday, reaching $19.25. The company’s stock had a trading volume of 800,400 shares, compared to its average volume of 964,845. The stock has a market cap of $1,120.00, a P/E ratio of 13.55, a P/E/G ratio of 0.65 and a beta of 1.71. Wabash National Corporation has a one year low of $12.81 and a one year high of $24.16. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.03 and a quick ratio of 1.18.
Wabash National Corporation (NYSE:WNC) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $425.10 million for the quarter, compared to analysts’ expectations of $449.05 million. Wabash National Corporation had a return on equity of 18.42% and a net margin of 5.05%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. equities analysts anticipate that Wabash National Corporation will post 1.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.24 annualized dividend and a yield of 1.25%. Wabash National Corporation’s payout ratio is currently 17.78%.
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Several brokerages have recently weighed in on WNC. Zacks Investment Research downgraded Wabash National Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Stifel Nicolaus reduced their price target on Wabash National Corporation from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Monday, November 6th. BMO Capital Markets reiterated a “hold” rating on shares of Wabash National Corporation in a report on Monday, October 23rd. Craig Hallum reiterated a “buy” rating and issued a $27.00 price target on shares of Wabash National Corporation in a report on Friday, October 6th. Finally, ValuEngine downgraded Wabash National Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.86.
Wabash National Corporation 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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