Dimensional Fund Advisors LP reduced its holdings in shares of Wabash National Co. (NYSE:WNC)

Dimensional Fund Advisors LP reduced its holdings in Wabash National Co. (NYSE:WNC – Free Report) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,653,885 shares of the company’s stock after selling 37,911 shares during the quarter. Dimensional Fund Advisors LP owned about 6.03% of Wabash National worth $57,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its position in Wabash National by 66.9% in the first quarter. Wasatch Advisors LP now owns 1,380,766 shares of the company’s stock valued at $41,340,000 after buying an additional 553,500 shares during the period. Victory Capital Management Inc. raised its position 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 valued at $22,175,000 after buying an additional 290,287 shares during the period. American Century Companies Inc. lifted its position 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 valued at $23,935,000 after buying an additional 180,080 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Wabash National by 84.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 263,731 shares of the company’s stock valued at $7,896,000 after buying an additional 120,919 shares during the period. Finally, Hennessy Advisors Inc. acquired a new position in Wabash National in the fourth quarter valued at $3,010,000. Hedge funds and other institutional investors own 97.05% of the company’s shares.

Analyst upgrades and downgrades

Separately, DA Davidson reduced their price objective on Wabash National from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, September 9th.

Check out our latest report on WNC

Wabash National Price Performance

Shares of NYSE:WNC opened at $19.10 on Friday. Wabash National Co. has a 1 year low of $17.71 and a 1 year high of $30.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99, and a quick ratio of 1.15. The company has a fifty day moving average price of $19.61 and a 200 day moving average price of $22.45. The company has a market cap of $840.40 million, a PE ratio of 4.59 and a beta of 1.53.

Wabash National (NYSE:WNC – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The firm had revenue of $550.61 million during the quarter, compared to the consensus estimate of $594.77 million. In the same period last year, the company earned $1.54 per share. The company’s revenue fell 19.8% year over year. As a group, equities analysts expect that Wabash National Co. to post 1.53 EPS for the current fiscal year.

Wabash National announces dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 10. This represents a dividend of $0.32 on an annualized basis and a dividend yield of 1.68%. Wabash National’s dividend payout ratio is currently 7.69%.

Wabash National Profile

(Free Report)

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, flatbed trailers, tank trailers and truck-mounted tanks; Truck bodies for the transport of dry goods; Cargo and XL cargo bodies for commercial applications; refrigerated bodies; flatbed truck bodies; and used trailers as well as oak hardwood laminate flooring products.

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