Allianz Asset Management GmbH Acquires 151,547 Shares of Wabash National Corporation $WNC

Allianz Asset Management GmbH lifted its stake in Wabash National Corporation (NYSE:WNC) by 48.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 461,499 shares of the company’s stock after buying an additional 151,547 shares during the period. Allianz Asset Management GmbH’s holdings in Wabash National were worth $4,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WNC. First Trust Advisors LP bought a new stake in shares of Wabash National during the 2nd quarter valued at $32,629,000. Millennium Management LLC raised its stake in Wabash National by 864.3% in the first quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock valued at $5,078,000 after purchasing an additional 411,889 shares in the last quarter. CenterBook Partners LP raised its stake in Wabash National by 263.6% in the second quarter. CenterBook Partners LP now owns 494,457 shares of the company’s stock valued at $5,256,000 after purchasing an additional 358,478 shares in the last quarter. Jane Street Group LLC lifted its position in Wabash National by 204.3% during the first quarter. Jane Street Group LLC now owns 463,191 shares of the company’s stock worth $5,118,000 after purchasing an additional 310,998 shares during the period. Finally, VELA Investment Management LLC grew its stake in Wabash National by 115.7% during the second quarter. VELA Investment Management LLC now owns 277,206 shares of the company’s stock worth $2,947,000 after buying an additional 148,666 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Wabash National Price Performance

Shares of NYSE:WNC opened at $11.47 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.79 and a current ratio of 1.39. Wabash National Corporation has a 52 week low of $6.78 and a 52 week high of $13.50. The firm has a market cap of $464.76 million, a PE ratio of 2.36 and a beta of 1.67. The firm’s fifty day moving average is $9.84 and its 200-day moving average is $9.70.

Wabash National (NYSE:WNC) last announced 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 firm’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.02) earnings per share. Sell-side analysts predict that Wabash National Corporation will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

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

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.