Truvestments Capital LLC Acquires 3,825 Shares of Wabash National Co. (NYSE:WNC)

Truvestments Capital LLC boosted its position in Wabash National Co. (NYSE:WNC) by 14.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 30,037 shares of the company’s stock after acquiring an additional 3,825 shares during the quarter. Truvestments Capital LLC’s holdings in Wabash National were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in WNC. Victory Capital Management Inc. grew its stake in Wabash National by 40.0% during the second quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock worth $22,175,000 after buying an additional 290,287 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Wabash National by 1,311.6% in the second quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after purchasing an additional 260,072 shares in the last quarter. American Century Companies Inc. boosted its holdings in Wabash National by 19.7% during the second quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after purchasing an additional 180,080 shares during the last quarter. CX Institutional bought a new position in Wabash National in the third quarter valued at approximately $2,322,000. Finally, LSV Asset Management increased its stake in shares of Wabash National by 8.6% during the 2nd quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock worth $27,522,000 after purchasing an additional 99,700 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Trading Up 0.7 %

Shares of WNC stock opened at $19.44 on Monday. The company has a market cap of $842.53 million, a P/E ratio of -3.56 and a beta of 1.54. The stock has a 50 day simple moving average of $18.64 and a two-hundred day simple moving average of $20.10. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. Wabash National Co. has a fifty-two week low of $15.94 and a fifty-two week high of $30.07.

Wabash National (NYSE:WNC) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The business’s revenue was down 26.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS. Research analysts forecast that Wabash National Co. will post 1.29 earnings per share for the current year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, January 9th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.65%. Wabash National’s payout ratio is -5.89%.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a “neutral” rating and issued a $18.00 price objective on shares of Wabash National in a research note on Monday, September 30th.

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.