Mercer Global Advisors Inc. ADV Sells 794 Shares of Wabash National Co. (NYSE:WNC)

Mercer Global Advisors Inc. ADV lessened its stake in Wabash National Co. (NYSE:WNC) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,704 shares of the company’s stock after selling 794 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Wabash National were worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WNC. Innealta Capital LLC acquired a new stake in shares of Wabash National during the 2nd quarter worth approximately $33,000. Tradewinds Capital Management LLC bought a new stake in Wabash National in the 1st quarter valued at $48,000. CWM LLC raised its stake in shares of Wabash National by 353.5% in the 2nd quarter. CWM LLC now owns 2,272 shares of the company’s stock valued at $50,000 after buying an additional 1,771 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in shares of Wabash National by 240.8% during the 1st quarter. EntryPoint Capital LLC now owns 4,628 shares of the company’s stock worth $139,000 after acquiring an additional 3,270 shares during the period. Finally, Sciencast Management LP acquired a new stake in shares of Wabash National during the 1st quarter valued at about $229,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Stock Performance

Shares of NYSE:WNC opened at $19.10 on Monday. The stock has a market capitalization of $859.94 million, a price-to-earnings ratio of 4.59 and a beta of 1.53. The business’s fifty day moving average price is $19.61 and its two-hundred day moving average price is $22.42. Wabash National Co. has a fifty-two week low of $17.71 and a fifty-two week 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.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $550.61 million during the quarter, compared to the consensus estimate of $594.77 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The firm’s quarterly revenue was down 19.8% on a year-over-year basis. During the same period last year, the firm posted $1.54 EPS. As a group, analysts predict that Wabash National Co. will post 1.53 EPS for the current fiscal year.

Wabash National Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price target on shares of Wabash National from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, September 9th.

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.