1 week Ago By Defense World Staff
Invesco Ltd. lowered its stake in shares of Wabash National Co. ( NYSE:WNC – Free Report ) by 26.
1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,175 shares of the company’s stock after selling 108,466 shares during the quarter. Invesco Ltd.
owned about 0.71% of Wabash National worth $5,262,000 at the end of the most recent reporting period. Other large investors have also recently bought and sold shares of the company.
Pacer Advisors Inc. bought a new position in shares of Wabash National during the 4th quarter worth about $25,688,000. Norges Bank bought a new position in Wabash National during the fourth quarter valued at about $4,341,000.
Raymond James Financial Inc. bought a new position in Wabash National during the fourth quarter valued at about $2,827,000. JPMorgan Chase & Co.
raised its holdings in Wabash National by 163.9% in the 4th quarter. JPMorgan Chase & Co.
now owns 256,471 shares of the company’s stock valued at $4,393,000 after acquiring an additional 159,278 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Wabash National by 28.6% in the 4th quarter.
Clearbridge Investments LLC now owns 646,912 shares of the company’s stock worth $11,082,000 after acquiring an additional 143,899 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Separately, DA Davidson lowered their price objective on Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th.
Wabash National Trading Down 4.0 % Shares of WNC stock opened at $10.03 on Friday.
The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.
93. The firm has a fifty day moving average of $10.87 and a 200-day moving average of $15.
11. Wabash National Co. has a 52-week low of $9.
00 and a 52-week high of $24.77. The stock has a market cap of $424.
14 million, a price-to-earnings ratio of -1.54 and a beta of 1.49.
Wabash National ( NYSE:WNC – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the firm posted $1.
07 EPS. On average, equities research analysts forecast that Wabash National Co. will post 0.
94 earnings per share for the current fiscal year. Wabash National Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were paid a $0.
08 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.
32 annualized dividend and a dividend yield of 3.19%. Wabash National’s dividend payout ratio is presently -4.
91%. About Wabash National ( 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. Recommended Stories Five stocks we like better than Wabash National The Basics of Support and Resistance Markets Think Robinhood Earnings Could Send the Stock Up Energy and Oil Stocks Explained Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? Investing In Preferred Stock vs. Common Stock AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.
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