Thrivent Financial for Lutherans increased its stake in shares of Wabash National Co. (NYSE:WNC) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,335 shares of the company’s stock after acquiring an additional 2,264 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.09% of Wabash National worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its position in Wabash National by 2.4% in the fourth quarter. State Street Corp now owns 1,847,227 shares of the company’s stock valued at $27,283,000 after purchasing an additional 44,039 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Wabash National by 17.7% in the fourth quarter. Victory Capital Management Inc. now owns 235,249 shares of the company’s stock worth $3,456,000 after buying an additional 35,392 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Wabash National by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 850,670 shares of the company’s stock valued at $12,497,000 after buying an additional 3,020 shares during the last quarter. Prudential Financial Inc. boosted its position in Wabash National by 1.9% during the 4th quarter. Prudential Financial Inc. now owns 1,418,116 shares of the company’s stock valued at $20,832,000 after buying an additional 25,860 shares during the period. Finally, Atria Investments LLC purchased a new stake in Wabash National during the 4th quarter valued at $172,000.
WNC has been the subject of a number of analyst reports. TheStreet lowered shares of Wabash National from a “c” rating to a “d+” rating in a report on Thursday, May 14th. ValuEngine upgraded Wabash National from a “sell” rating to a “hold” rating in a research report on Friday, April 17th. Zacks Investment Research restated a “sell” rating on shares of Wabash National in a report on Saturday, June 20th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $10.00 price target (down previously from $11.00) on shares of Wabash National in a report on Friday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.50.
Wabash National (NYSE:WNC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $387.07 million for the quarter, compared to the consensus estimate of $378.00 million. Wabash National had a negative net margin of 1.47% and a positive return on equity of 15.01%. Analysts expect that Wabash National Co. will post -0.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Wednesday, July 1st. Wabash National’s dividend payout ratio is presently 19.75%.
About Wabash National
Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.
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