Clearbridge Investments LLC Acquires 143,899 Shares of Wabash National Co. (NYSE:WNC)

Clearbridge Investments LLC lifted its holdings in shares of Wabash National Co. (NYSE:WNC - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 646,912 shares of the company's stock after purchasing an additional 143,899 shares during the period. Clearbridge Investments LLC owned 1.49% of Wabash National worth $11,082,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in Wabash National during the 4th quarter worth about $4,341,000. Pacific Ridge Capital Partners LLC lifted its stake in shares of Wabash National by 9.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company's stock worth $1,006,000 after acquiring an additional 5,064 shares during the period. JPMorgan Chase & Co. boosted its holdings in Wabash National by 163.9% in the fourth quarter. JPMorgan Chase & Co. now owns 256,471 shares of the company's stock valued at $4,393,000 after acquiring an additional 159,278 shares during the last quarter. LPL Financial LLC boosted its holdings in Wabash National by 26.6% in the fourth quarter. LPL Financial LLC now owns 24,688 shares of the company's stock valued at $423,000 after acquiring an additional 5,191 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Wabash National during the 4th quarter valued at approximately $670,000. Institutional investors own 97.05% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Wabash National Trading Down 4.9 %

Wabash National stock traded down $0.51 during trading hours on Monday, reaching $9.79. 981,158 shares of the company's stock were exchanged, compared to its average volume of 723,542. The firm has a market capitalization of $413.78 million, a PE ratio of -1.50 and a beta of 1.49. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The firm's 50 day simple moving average is $12.19 and its 200 day simple moving average is $16.04. Wabash National Co. has a twelve month low of $9.64 and a twelve month high of $29.59.

Wabash National (NYSE:WNC - Get Free Report) last issued its earnings results 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 period in the prior year, the company earned $1.07 earnings per share. Research analysts predict that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, April 3rd. Wabash National's dividend payout ratio (DPR) is currently -4.91%.

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.