Victory Capital Management Inc. Has $788,000 Holdings in Wabash National Corporation (NYSE:WNC)

Victory Capital Management Inc. trimmed its stake in shares of Wabash National Corporation (NYSE:WNC) by 92.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,347 shares of the company’s stock after selling 931,604 shares during the period. Victory Capital Management Inc. owned about 0.17% of Wabash National worth $788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WNC. First Trust Advisors LP raised its stake in shares of Wabash National by 22.5% during the 4th quarter. First Trust Advisors LP now owns 1,468,605 shares of the company’s stock worth $25,157,000 after purchasing an additional 269,846 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Wabash National by 10.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,059,674 shares of the company’s stock valued at $18,152,000 after buying an additional 99,360 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Wabash National by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,386 shares of the company’s stock worth $15,938,000 after buying an additional 49,771 shares during the period. Peregrine Capital Management LLC lifted its holdings in shares of Wabash National by 1.8% during the first quarter. Peregrine Capital Management LLC now owns 673,193 shares of the company’s stock worth $7,439,000 after buying an additional 11,934 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Wabash National by 8.5% during the fourth quarter. Northern Trust Corp now owns 497,552 shares of the company’s stock worth $8,523,000 after buying an additional 38,928 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Stock Performance

Wabash National stock opened at $9.57 on Friday. The stock has a market cap of $391.78 million, a PE ratio of -3.95 and a beta of 1.65. The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 1.13. The business’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $11.02. Wabash National Corporation has a 12-month low of $6.78 and a 12-month high of $20.63.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.16. The business had revenue of $458.82 million during the quarter, compared to analyst estimates of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. As a group, analysts expect that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, July 3rd. Wabash National’s dividend payout ratio (DPR) is presently -13.22%.

Analyst Ratings Changes

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

Wabash National Profile

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.