Bank of New York Mellon Corp Decreases Stock Position in Wabash National Co. (NYSE:WNC)

Bank of New York Mellon Corp lessened its stake in Wabash National Co. (NYSE:WNC - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 322,486 shares of the company's stock after selling 167,114 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.74% of Wabash National worth $5,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company's stock worth $3,132,000 after acquiring an additional 89,522 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Wabash National by 46.8% during the third quarter. Jane Street Group LLC now owns 160,946 shares of the company's stock worth $3,089,000 after buying an additional 51,274 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Wabash National during the third quarter worth $192,000. BNP Paribas Financial Markets grew its holdings in shares of Wabash National by 75.9% during the third quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company's stock worth $1,623,000 after buying an additional 36,490 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in Wabash National in the fourth quarter valued at about $25,688,000. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Stock Up 1.1 %

Shares of NYSE WNC traded up $0.13 during midday trading on Wednesday, hitting $11.56. The company's stock had a trading volume of 62,374 shares, compared to its average volume of 618,761. The business's fifty day simple moving average is $13.63 and its two-hundred day simple moving average is $16.84. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. Wabash National Co. has a 1 year low of $10.34 and a 1 year high of $30.07. The firm has a market capitalization of $490.76 million, a price-to-earnings ratio of -1.78 and a beta of 1.64.

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Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates 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 EPS. On average, equities analysts predict that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.77%. Wabash National's payout ratio is -4.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price objective on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, February 24th.

Insider Activity

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total value of $25,785.00. Following the transaction, the senior vice president now directly owns 117,227 shares of the company's stock, valued at approximately $2,015,132.13. The trade was a 1.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.78% of the company's stock.

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.