2 weeks Ago By Defense World Staff
Geode Capital Management LLC trimmed its position in Wabash National Co. ( NYSE:WNC – Free Report ) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 984,792 shares of the company’s stock after selling 26,416 shares during the quarter. Geode Capital Management LLC owned 2.27% of Wabash National worth $16,874,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in Wabash National by 121.4% in the 3rd quarter.
Barclays PLC now owns 163,251 shares of the company’s stock worth $3,132,000 after purchasing an additional 89,522 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Wabash National by 46.8% during the third quarter.
Jane Street Group LLC now owns 160,946 shares of the company’s stock worth $3,089,000 after purchasing an additional 51,274 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Wabash National in the third quarter valued at approximately $192,000. Raymond James Financial Inc.
bought a new stake in shares of Wabash National in the fourth quarter valued at approximately $2,827,000. Finally, Oppenheimer & Co. Inc.
acquired a new stake in Wabash National during the fourth quarter worth approximately $644,000. Institutional investors and hedge funds own 97.05% of the company’s stock.
Analyst Ratings Changes Separately, DA Davidson dropped their price objective on Wabash National from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th.
Wabash National Trading Up 3.0 % WNC opened at $10.21 on Friday.
The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.
10. Wabash National Co. has a twelve month low of $9.
00 and a twelve month high of $26.41. The stock has a market capitalization of $431.
54 million, a price-to-earnings ratio of -1.57 and a beta of 1.49.
The company has a 50-day simple moving average of $11.10 and a 200 day simple moving average of $15.39.
Wabash National ( NYSE:WNC – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
02 by ($0.04). Wabash National had a positive return on equity of 14.
72% and a negative net margin of 14.59%. During the same quarter last year, the business posted $1.
07 EPS. Analysts predict that Wabash National Co. will post 0.
94 EPS for the current fiscal year. Wabash National Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.
08 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.
32 annualized dividend and a dividend yield of 3.14%. Wabash National’s dividend payout ratio is currently -4.
91%. Wabash National Company Profile ( Free Report ) Wabash National Corporation provides connected 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 designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products. Featured Stories Five stocks we like better than Wabash National Why Special Dividends Can be a Delightful Surprise for Income Investors J.B.
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