Ameriprise Financial Inc. Has $22.35 Million Holding in Wabash National Co. (WNC)

Ameriprise Financial Inc. Has $22.35 Million Holding in Wabash National Co. (WNC)

Ameriprise Financial Inc. reduced its position in shares of Wabash National Co. (NYSE:WNC) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,080,315 shares of the company’s stock after selling 315,287 shares during the period. Ameriprise Financial Inc.’s holdings in Wabash National were worth $22,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its position in Wabash National by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock worth $277,000 after buying an additional 200 shares during the period. Thrivent Financial for Lutherans increased its position in Wabash National by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,040 shares of the company’s stock worth $523,000 after buying an additional 380 shares during the period. Comerica Bank increased its position in Wabash National by 0.8% in the first quarter. Comerica Bank now owns 66,631 shares of the company’s stock worth $1,544,000 after buying an additional 517 shares during the period. Envestnet Asset Management Inc. increased its position in Wabash National by 4.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,930 shares of the company’s stock worth $221,000 after buying an additional 596 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Wabash National by 2.7% in the first quarter. Great West Life Assurance Co. Can now owns 87,690 shares of the company’s stock worth $1,813,000 after buying an additional 2,335 shares during the period.

Wabash National Co. (WNC) traded down 1.53% during midday trading on Wednesday, reaching $19.99. 1,859,602 shares of the company’s stock traded hands. Wabash National Co. has a 52-week low of $10.74 and a 52-week high of $24.16. The company’s 50-day moving average price is $21.29 and its 200-day moving average price is $18.83. The stock has a market cap of $1.20 billion, a P/E ratio of 11.60 and a beta of 1.87.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Monday, April 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Wabash National had a net margin of 6.47% and a return on equity of 25.54%. The company had revenue of $362.70 million during the quarter, compared to analysts’ expectations of $371.09 million. During the same period last year, the company posted $0.42 EPS. Wabash National’s revenue was down 19.0% on a year-over-year basis. On average, equities analysts predict that Wabash National Co. will post $1.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, June 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.20%. Wabash National’s dividend payout ratio is currently 13.19%.

A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Wabash National from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Seaport Global Securities restated a “neutral” rating on shares of Wabash National in a research report on Thursday, April 6th. Piper Jaffray Companies cut shares of Wabash National from an “overweight” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Thursday, February 2nd. Finally, BMO Capital Markets upped their price objective on shares of Wabash National from $12.00 to $16.00 and gave the company a “hold” rating in a research report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Wabash National currently has an average rating of “Hold” and an average target price of $18.14.

In other news, SVP Mark Jason Weber sold 88,208 shares of Wabash National stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $21.34, for a total value of $1,882,358.72. Following the completion of the sale, the senior vice president now directly owns 198,602 shares in the company, valued at $4,238,166.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.

About Wabash National

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WNC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding WNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wabash National Co. (NYSE:WNC).

Related posts

Leave a Comment