Rothschild Asset Management Inc. Buys 41,972 Shares of Wabash National Corporation (WNC)

Rothschild Asset Management Inc. increased its stake in Wabash National Corporation (NYSE:WNC) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,402,562 shares of the company’s stock after buying an additional 41,972 shares during the period. Rothschild Asset Management Inc. owned 2.19% of Wabash National Corporation worth $19,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its position in Wabash National Corporation by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,136 shares of the company’s stock valued at $116,000 after buying an additional 984 shares during the period. AHL Partners LLP bought a new position in Wabash National Corporation during the second quarter valued at approximately $136,000. BNP Paribas Arbitrage SA increased its position in Wabash National Corporation by 172.9% in the third quarter. BNP Paribas Arbitrage SA now owns 11,757 shares of the company’s stock valued at $167,000 after buying an additional 7,449 shares during the period. Meeder Asset Management Inc. increased its position in Wabash National Corporation by 144,050.0% in the second quarter. Meeder Asset Management Inc. now owns 14,415 shares of the company’s stock valued at $183,000 after buying an additional 14,405 shares during the period. Finally, Capstone Asset Management Co. bought a new position in Wabash National Corporation during the third quarter valued at approximately $215,000.

Wabash National Corporation (NYSE:WNC) traded up 2.69% during trading on Tuesday, reaching $16.44. The company’s stock had a trading volume of 205,700 shares. The firm has a market capitalization of $1.02 billion, a P/E ratio of 8.45 and a beta of 1.89. Wabash National Corporation has a one year low of $9.68 and a one year high of $16.49. The stock has a 50-day moving average of $15.05 and a 200 day moving average of $13.69.

Wabash National Corporation (NYSE:WNC) last released its quarterly earnings results on Monday, October 24th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company earned $464.30 million during the quarter. Wabash National Corporation had a return on equity of 28.11% and a net margin of 6.73%. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. On average, equities research analysts predict that Wabash National Corporation will post $1.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 26th. Investors of record on Thursday, January 5th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, January 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.50%. Wabash National Corporation’s payout ratio is 12.24%.

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WNC has been the subject of several research analyst reports. Seaport Global Securities cut Wabash National Corporation from a “buy” rating to a “neutral” rating and increased their target price for the stock from $16.00 to $17.00 in a research report on Friday, December 16th. Zacks Investment Research upgraded Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 28th. Aegis initiated coverage on Wabash National Corporation in a research report on Friday, December 9th. They set a “buy” rating and a $21.00 target price for the company. Finally, initiated coverage on Wabash National Corporation in a research report on Friday, September 30th. They set an “underperform” rating and a $15.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.43.

In other Wabash National Corporation news, CEO Richard J. Giromini sold 90,000 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $15.50, for a total transaction of $1,395,000.00. Following the completion of the transaction, the chief executive officer now owns 692,625 shares of the company’s stock, valued at $10,735,687.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Jason Weber sold 16,400 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $15.61, for a total value of $256,004.00. Following the transaction, the senior vice president now directly owns 137,664 shares of the company’s stock, valued at approximately $2,148,935.04. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

Wabash National Corporation Company Profile

Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations.