Wabash National Co. (NYSE:WNC) Shares Sold by Centiva Capital LP

Centiva Capital LP lessened its position in shares of Wabash National Co. (NYSE:WNC) by 16.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,778 shares of the company’s stock after selling 2,823 shares during the quarter. Centiva Capital LP’s holdings in Wabash National were worth $284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in Wabash National by 40.0% in the second quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock valued at $22,175,000 after purchasing an additional 290,287 shares during the period. Millennium Management LLC grew its position in shares of Wabash National by 1,311.6% in the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after buying an additional 260,072 shares during the last quarter. American Century Companies Inc. increased its position in shares of 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 in the last quarter. CX Institutional acquired a new position in Wabash National during the third quarter worth approximately $2,322,000. Finally, Wasatch Advisors LP grew its position in shares of Wabash National by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company’s stock worth $35,985,000 after acquiring an additional 117,704 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Wabash National Stock Up 2.6 %

Shares of NYSE:WNC opened at $20.26 on Wednesday. The company has a market cap of $878.01 million, a price-to-earnings ratio of -3.73 and a beta of 1.54. The firm’s 50-day simple moving average is $18.75 and its 200-day simple moving average is $19.84. Wabash National Co. has a fifty-two week low of $15.94 and a fifty-two week high of $30.07. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The company had revenue of $464.00 million during the quarter, compared to analyst estimates of $477.35 million. During the same quarter last year, the business earned $1.16 EPS. The firm’s revenue for the quarter was down 26.7% on a year-over-year basis. As a group, equities research analysts predict that Wabash National Co. will post 1.29 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders 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 1.58%. Wabash National’s dividend payout ratio (DPR) is -5.89%.

Wabash National Company 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.