Allianz Asset Management GmbH Buys 16,981 Shares of Wabash National Co. (NYSE:WNC)

Allianz Asset Management GmbH raised its stake in shares of Wabash National Co. (NYSE:WNCFree Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,157 shares of the company’s stock after purchasing an additional 16,981 shares during the period. Allianz Asset Management GmbH owned 0.62% of Wabash National worth $7,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Clearbridge Investments LLC raised its position in Wabash National by 383.5% in the 4th quarter. Clearbridge Investments LLC now owns 513,784 shares of the company’s stock worth $13,163,000 after purchasing an additional 407,518 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Wabash National during the 3rd quarter worth approximately $1,595,000. Millrace Asset Group Inc. purchased a new position in Wabash National during the 4th quarter valued at $1,487,000. AQR Capital Management LLC boosted its holdings in Wabash National by 12.7% during the 3rd quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock valued at $11,559,000 after acquiring an additional 61,887 shares during the period. Finally, American Century Companies Inc. grew its position in Wabash National by 99.0% in the 3rd quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock valued at $5,582,000 after acquiring an additional 131,512 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Price Performance

NYSE WNC opened at $21.21 on Wednesday. Wabash National Co. has a 52-week low of $20.09 and a 52-week high of $30.07. The firm’s 50 day moving average price is $24.75 and its 200-day moving average price is $25.27. The company has a market cap of $954.87 million, a PE ratio of 5.10 and a beta of 1.60. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.11 and a current ratio of 1.87.

Wabash National (NYSE:WNCGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The business had revenue of $515.28 million during the quarter. Sell-side analysts forecast that Wabash National Co. will post 2.18 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.51%. Wabash National’s payout ratio is 7.69%.

Analyst Upgrades and Downgrades

Separately, lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

Check Out Our Latest Research Report on WNC

Wabash National 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.

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

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