Allianz Asset Management GmbH Has $4.56 Million Position in Wabash National Corporation $WNC

Allianz Asset Management GmbH grew its stake in Wabash National Corporation (NYSE:WNC) by 48.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 461,499 shares of the company’s stock after acquiring an additional 151,547 shares during the quarter. Allianz Asset Management GmbH owned 1.13% of Wabash National worth $4,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CenterBook Partners LP raised its holdings in Wabash National by 263.6% in the second quarter. CenterBook Partners LP now owns 494,457 shares of the company’s stock worth $5,256,000 after purchasing an additional 358,478 shares during the period. VELA Investment Management LLC grew its holdings in shares of Wabash National by 115.7% in the 2nd quarter. VELA Investment Management LLC now owns 277,206 shares of the company’s stock valued at $2,947,000 after buying an additional 148,666 shares during the period. Nierenberg Investment Management Company Inc. increased its position in shares of Wabash National by 39.6% in the 2nd quarter. Nierenberg Investment Management Company Inc. now owns 77,555 shares of the company’s stock valued at $824,000 after buying an additional 22,000 shares in the last quarter. Mutual Advisors LLC raised its stake in Wabash National by 49.3% during the 2nd quarter. Mutual Advisors LLC now owns 91,823 shares of the company’s stock worth $915,000 after buying an additional 30,340 shares during the period. Finally, First Trust Advisors LP bought a new position in Wabash National during the second quarter worth about $32,629,000. Institutional investors own 97.05% of the company’s stock.

Wabash National Trading Up 2.9%

Wabash National stock opened at $11.47 on Wednesday. The company has a market cap of $464.76 million, a price-to-earnings ratio of 2.36 and a beta of 1.67. The firm has a 50-day moving average of $9.84 and a 200-day moving average of $9.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.39 and a quick ratio of 0.79. Wabash National Corporation has a one year low of $6.78 and a one year high of $13.50.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, February 4th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.77) by ($0.16). The company had revenue of $321.45 million for the quarter, compared to the consensus estimate of $318.32 million. Wabash National had a negative return on equity of 22.80% and a net margin of 13.71%.The business’s revenue was down 22.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.02) EPS. On average, equities analysts expect that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Thursday, January 8th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. Wabash National’s dividend payout ratio (DPR) is currently 6.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Wabash National from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Zacks Research upgraded Wabash National from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. National Bankshares set a $9.00 target price on Wabash National in a research note on Thursday, October 23rd. DA Davidson lifted their price target on shares of Wabash National from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Weiss Ratings downgraded shares of Wabash National from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $10.00.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.