22,348 Shares in Wabash National Corporation (NYSE:WNC) Acquired by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. bought a new stake in Wabash National Corporation (NYSE:WNC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,348 shares of the company’s stock, valued at approximately $491,000.
Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Wabash National Corporation by 45,576.6% in the first quarter. BlackRock Inc. now owns 7,334,294 shares of the company’s stock valued at $151,748,000 after buying an additional 7,318,237 shares during the last quarter. Acadian Asset Management LLC raised its stake in Wabash National Corporation by 702.1% in the first quarter. Acadian Asset Management LLC now owns 2,093,374 shares of the company’s stock valued at $43,312,000 after buying an additional 1,832,390 shares during the last quarter. Royce & Associates LP raised its stake in Wabash National Corporation by 61.4% in the first quarter. Royce & Associates LP now owns 3,144,856 shares of the company’s stock valued at $65,067,000 after buying an additional 1,196,856 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Wabash National Corporation during the first quarter valued at $19,788,000. Finally, Victory Capital Management Inc. raised its stake in Wabash National Corporation by 15,627.3% in the first quarter. Victory Capital Management Inc. now owns 924,296 shares of the company’s stock valued at $19,124,000 after buying an additional 918,419 shares during the last quarter.
Wabash National Corporation (WNC) opened at 19.03 on Monday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 12.27 and a beta of 1.78. The stock has a 50 day moving average of $21.64 and a 200 day moving average of $20.84. Wabash National Corporation has a 52 week low of $10.74 and a 52 week high of $24.16.
Wabash National Corporation (NYSE:WNC) last issued its earnings results on Tuesday, July 25th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The business had revenue of $435.90 million for the quarter, compared to analyst estimates of $436.85 million. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. Equities research analysts predict that Wabash National Corporation will post $1.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, June 2nd. Wabash National Corporation’s payout ratio is 15.48%.
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Several equities research analysts have recently weighed in on WNC shares. ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 target price on shares of Wabash National Corporation in a report on Friday, July 7th. Zacks Investment Research lowered shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.71.
About Wabash National Corporation
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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