Wabash National Co. (NYSE:WNC) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Wabash National Co. (NYSE:WNCGet Rating) by 19.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,699,394 shares of the company’s stock after purchasing an additional 277,390 shares during the quarter. Victory Capital Management Inc. owned 3.47% of Wabash National worth $24,917,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Advisor Group Holdings Inc. grew its position in shares of Wabash National by 208.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,423 shares of the company’s stock valued at $49,000 after purchasing an additional 1,638 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Wabash National by 30,512.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 7,653 shares of the company’s stock valued at $114,000 after purchasing an additional 7,628 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Wabash National in the fourth quarter valued at approximately $242,000. GSA Capital Partners LLP purchased a new stake in shares of Wabash National in the fourth quarter valued at approximately $485,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Wabash National in the fourth quarter valued at approximately $546,000. Institutional investors and hedge funds own 99.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Wabash National from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Raymond James restated a “maintains” rating on shares of Wabash National in a research report on Thursday, July 28th. Finally, Stephens increased their price objective on Wabash National from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Wabash National presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Wabash National Trading Up 0.8 %

Shares of Wabash National stock opened at $17.90 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.93 and a current ratio of 1.63. The stock has a 50 day moving average of $15.12 and a 200 day moving average of $15.63. Wabash National Co. has a fifty-two week low of $12.23 and a fifty-two week high of $21.63. The firm has a market capitalization of $869.05 million, a price-to-earnings ratio of 43.66 and a beta of 1.60.

Wabash National (NYSE:WNCGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Wabash National had a return on equity of 14.17% and a net margin of 0.94%. The firm had revenue of $642.80 million for the quarter, compared to analyst estimates of $619.30 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was up 43.0% on a year-over-year basis. As a group, research analysts predict that Wabash National Co. will post 1.89 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, July 7th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, July 6th. Wabash National’s dividend payout ratio (DPR) is 78.05%.

Insiders Place Their Bets

In other news, CEO Brent L. Yeagy sold 7,986 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $17.83, for a total value of $142,390.38. Following the sale, the chief executive officer now directly owns 451,093 shares in the company, valued at $8,042,988.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Brent L. Yeagy sold 7,986 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $17.83, for a total value of $142,390.38. Following the sale, the chief executive officer now directly owns 451,093 shares in the company, valued at $8,042,988.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brent L. Yeagy sold 39,930 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $17.00, for a total value of $678,810.00. Following the completion of the sale, the chief executive officer now owns 459,079 shares in the company, valued at $7,804,343. The disclosure for this sale can be found here. 1.64% of the stock is owned by insiders.

About Wabash National

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Wabash National Corporation designs, manufactures, and distributes engineered 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 provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products.

See Also

Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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