Public Employees Retirement System of Ohio lessened its position in Wabash National Corporation (NYSE:WNC) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,662 shares of the company’s stock after selling 5,016 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.15% of Wabash National Corporation worth $1,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its position in shares of Wabash National Corporation by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the company’s stock valued at $539,000 after acquiring an additional 100 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 worth $689,000 after buying an additional 156 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position 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 worth $277,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System lifted its position 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 worth $690,000 after buying an additional 200 shares in the last quarter. Finally, Hartford Investment Management Co. lifted its position 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 worth $274,000 after buying an additional 280 shares in the last quarter.

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A number of brokerages recently commented on WNC. BMO Capital Markets reiterated a “hold” rating on shares of Wabash National Corporation in a research report on Monday, October 23rd. Craig Hallum reiterated a “buy” rating and set a $27.00 price objective on shares of Wabash National Corporation in a research report on Friday, October 6th. ValuEngine downgraded Wabash National Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Wabash National Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, September 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $22.00 price objective on shares of Wabash National Corporation in a research report on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.86.

Wabash National Corporation (WNC) opened at $19.71 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.03 and a quick ratio of 1.31. The stock has a market capitalization of $1,260.95, a P/E ratio of 15.27, a P/E/G ratio of 0.74 and a beta of 1.71.

Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $425.10 million during the quarter, compared to analyst estimates of $449.05 million. Wabash National Corporation had a net margin of 5.05% and a return on equity of 18.42%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. analysts expect that Wabash National Corporation will post 1.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio is presently 17.91%.

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.

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

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