Wabash National Corporation (NYSE:WNC) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its position in Wabash National Corporation (NYSE:WNC) by 69.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 192,398 shares of the company’s stock after acquiring an additional 79,186 shares during the period. Allianz Asset Management GmbH owned about 0.45% of Wabash National worth $2,126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Wabash National by 255.9% during the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company’s stock worth $26,000 after buying an additional 1,722 shares in the last quarter. Allworth Financial LP raised its stake in Wabash National by 268.8% during the 1st quarter. Allworth Financial LP now owns 3,220 shares of the company’s stock worth $34,000 after buying an additional 2,347 shares during the period. Curat Global LLC acquired a new position in shares of Wabash National during the first quarter worth about $37,000. CWM LLC raised its holdings in shares of Wabash National by 1,520.7% in the 1st quarter. CWM LLC now owns 5,235 shares of the company’s stock valued at $58,000 after purchasing an additional 4,912 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Wabash National by 982.1% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $85,000 after purchasing an additional 6,973 shares during the period. 97.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson boosted their target price on shares of Wabash National from $7.50 to $9.50 and gave the company a “neutral” rating in a report on Monday, June 23rd.

Wabash National Trading Down 5.1%

Shares of WNC stock opened at $9.93 on Thursday. The business’s fifty day moving average is $10.13 and its 200 day moving average is $11.12. The company has a market capitalization of $406.53 million, a PE ratio of -4.10 and a beta of 1.65. Wabash National Corporation has a 52-week low of $6.78 and a 52-week high of $21.99. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68.

Wabash National (NYSE:WNC) last posted its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.16. The firm had revenue of $458.82 million for the quarter, compared to analysts’ expectations of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%. The business’s revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. On average, equities research analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 3rd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 3.22%. Wabash National’s dividend payout ratio (DPR) is -13.22%.

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.