GSA Capital Partners LLP Has $797,000 Holdings in Wabash National Co. (NYSE:WNC)

GSA Capital Partners LLP boosted its position in Wabash National Co. (NYSE:WNC) by 100.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,545 shares of the company’s stock after buying an additional 20,838 shares during the period. GSA Capital Partners LLP’s holdings in Wabash National were worth $797,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of WNC. Victory Capital Management Inc. lifted its stake in shares of Wabash National by 40.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock valued at $22,175,000 after purchasing an additional 290,287 shares during the period. Millennium Management LLC raised its holdings in shares of Wabash National by 1,311.6% during the second quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after purchasing an additional 260,072 shares during the period. American Century Companies Inc. grew its stake in shares of Wabash National by 19.7% in the 2nd 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. CX Institutional bought a new stake in Wabash National in the 3rd quarter valued at about $2,322,000. Finally, LSV Asset Management raised its stake in Wabash National by 8.6% during the 2nd quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock worth $27,522,000 after buying an additional 99,700 shares during the period. Institutional investors own 97.05% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating and set a $18.00 price objective on shares of Wabash National in a report on Monday, September 30th.

Wabash National Stock Performance

WNC opened at $19.16 on Friday. The company has a market cap of $830.39 million, a price-to-earnings ratio of -3.53 and a beta of 1.54. The company’s fifty day moving average price is $18.64 and its two-hundred day moving average price is $20.29. Wabash National Co. has a 1-year low of $15.94 and a 1-year high of $30.07. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). The business had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. Wabash National’s revenue was down 26.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 EPS. On average, analysts expect that Wabash National Co. will post 1.29 EPS for the current fiscal year.

About Wabash National

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.