KLP Kapitalforvaltning AS Takes $670,000 Position in Wabash National Co. (NYSE:WNC)

KLP Kapitalforvaltning AS purchased a new position in shares of Wabash National Co. (NYSE:WNC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,100 shares of the company's stock, valued at approximately $670,000. KLP Kapitalforvaltning AS owned 0.09% of Wabash National as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Inspire Investing LLC lifted its holdings in Wabash National by 8.7% in the fourth quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock worth $399,000 after purchasing an additional 1,860 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Wabash National by 18.1% in the 3rd quarter. Quantinno Capital Management LP now owns 14,524 shares of the company's stock worth $279,000 after acquiring an additional 2,227 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Wabash National by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock valued at $3,600,000 after acquiring an additional 2,704 shares in the last quarter. EMC Capital Management increased its stake in shares of Wabash National by 88.1% during the fourth quarter. EMC Capital Management now owns 8,250 shares of the company's stock valued at $141,000 after acquiring an additional 3,864 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Wabash National by 6.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company's stock worth $1,220,000 after purchasing an additional 4,064 shares in the last quarter. Institutional investors own 97.05% of the company's stock.

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Wabash National Price Performance

NYSE:WNC traded up $0.01 during mid-day trading on Friday, reaching $10.27. 1,096,246 shares of the stock were exchanged, compared to its average volume of 722,511. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The business has a fifty day moving average price of $12.30 and a 200 day moving average price of $16.12. Wabash National Co. has a 1-year low of $9.72 and a 1-year high of $29.59. The firm has a market capitalization of $434.08 million, a PE ratio of -1.57 and a beta of 1.49.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter last year, the firm posted $1.07 earnings per share. Research analysts expect that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.12%. Wabash National's dividend payout ratio (DPR) is presently -4.91%.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered their price target on Wabash National from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th.

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.