Parallel Advisors LLC Has $26,000 Holdings in Wabash National Co. (NYSE:WNC)

Parallel Advisors LLC lifted its position in shares of Wabash National Co. (NYSE:WNC) by 255.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,395 shares of the company’s stock after purchasing an additional 1,722 shares during the quarter. Parallel Advisors LLC’s holdings in Wabash National were worth $26,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Wabash National by 11,857.3% during the first quarter. GAMMA Investing LLC now owns 84,897 shares of the company’s stock worth $938,000 after buying an additional 84,187 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Wabash National during the fourth quarter worth about $2,828,000. Mackenzie Financial Corp raised its holdings in shares of Wabash National by 106.3% in the 4th quarter. Mackenzie Financial Corp now owns 22,657 shares of the company’s stock worth $388,000 after acquiring an additional 11,673 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Wabash National by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,538 shares of the company’s stock worth $1,962,000 after acquiring an additional 19,506 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in Wabash National by 7.0% in the 4th quarter. Vident Advisory LLC now owns 25,752 shares of the company’s stock valued at $441,000 after acquiring an additional 1,678 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.

Wabash National Trading Up 5.7%

Shares of Wabash National stock opened at $9.92 on Tuesday. The company has a market capitalization of $415.22 million, a P/E ratio of -1.52 and a beta of 1.61. The stock has a fifty day simple moving average of $9.35 and a 200 day simple moving average of $13.08. Wabash National Co. has a 12-month low of $6.78 and a 12-month high of $24.03. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10.

Wabash National (NYSE:WNC) last announced its earnings results on Wednesday, April 30th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.32). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. The firm had revenue of $380.89 million during the quarter, compared to analysts’ expectations of $414.55 million. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue for the quarter was down 26.1% on a year-over-year basis. On average, sell-side analysts anticipate that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, July 3rd. Wabash National’s dividend payout ratio (DPR) is currently -20.65%.

Wall Street Analyst Weigh In

Separately, DA Davidson decreased 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.

About Wabash National

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.