First Trust Advisors LP trimmed its stake in shares of Wabash National Corporation (NYSE:WNC) by 24.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 309,099 shares of the company’s stock after selling 101,587 shares during the period. First Trust Advisors LP owned approximately 0.52% of Wabash National Corporation worth $7,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its holdings in Wabash National Corporation by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the company’s stock valued at $539,000 after buying an additional 100 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Wabash National Corporation by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock valued at $689,000 after buying an additional 156 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Wabash National Corporation by 1.5% during the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock valued at $277,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System increased its holdings in Wabash National Corporation by 0.6% during the second quarter. Arizona State Retirement System now owns 31,400 shares of the company’s stock valued at $690,000 after buying an additional 200 shares during the last quarter. Finally, Hartford Investment Management Co. increased its holdings in Wabash National Corporation by 2.3% during the second quarter. Hartford Investment Management Co. now owns 12,480 shares of the company’s stock valued at $274,000 after buying an additional 280 shares during the last quarter.

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WNC has been the subject of a number of research reports. Zacks Investment Research cut shares of Wabash National Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Craig Hallum reaffirmed a “buy” rating and set a $27.00 target price on shares of Wabash National Corporation in a report on Friday, October 6th. Stifel Nicolaus reduced their target price on shares of Wabash National Corporation from $23.00 to $22.00 and set a “hold” rating for the company in a report on Monday, November 6th. ValuEngine cut shares of Wabash National Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Wabash National Corporation currently has a consensus rating of “Hold” and a consensus target price of $22.86.

Wabash National Corporation (NYSE:WNC) opened at $19.24 on Tuesday. The firm has a market cap of $1,170.13, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 0.69 and a beta of 1.71. Wabash National Corporation has a 12-month low of $12.65 and a 12-month 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 posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). The firm had revenue of $425.10 million during the quarter, compared to the consensus estimate of $449.05 million. Wabash National Corporation had a return on equity of 18.42% and a net margin of 5.05%. The business’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 company earned $0.50 earnings per share. sell-side analysts anticipate that Wabash National Corporation will post 1.35 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.25%. Wabash National Corporation’s payout ratio is currently 17.91%.

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

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