First Trust Advisors LP Purchases 269,846 Shares of Wabash National Co. (NYSE:WNC)

First Trust Advisors LP increased its stake in Wabash National Co. (NYSE:WNC - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,468,605 shares of the company's stock after purchasing an additional 269,846 shares during the quarter. First Trust Advisors LP owned about 3.39% of Wabash National worth $25,157,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WNC. EMC Capital Management lifted its holdings in Wabash National by 88.1% in the fourth quarter. EMC Capital Management now owns 8,250 shares of the company's stock worth $141,000 after purchasing an additional 3,864 shares during the period. AlphaQuest LLC lifted its holdings in Wabash National by 332,066.7% in the fourth quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock worth $171,000 after purchasing an additional 9,962 shares during the period. Entropy Technologies LP bought a new stake in Wabash National in the fourth quarter worth about $219,000. Canada Pension Plan Investment Board bought a new stake in Wabash National in the fourth quarter worth about $266,000. Finally, Amundi raised its position in Wabash National by 182.8% in the fourth quarter. Amundi now owns 21,263 shares of the company's stock worth $358,000 after acquiring an additional 13,745 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company's stock.

Wall Street Analyst Weigh In

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

Wabash National Price Performance

Wabash National stock traded down $0.11 during midday trading on Tuesday, hitting $9.94. The company's stock had a trading volume of 1,320,332 shares, compared to its average volume of 756,182. The stock's 50-day moving average price is $10.82 and its 200-day moving average price is $15.03. 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 company has a market capitalization of $420.33 million, a PE ratio of -1.52 and a beta of 1.49. Wabash National Co. has a 12 month low of $9.00 and a 12 month high of $24.77.

Wabash National (NYSE:WNC - Get Free Report) last posted 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 period last year, the company posted $1.07 EPS. Analysts anticipate that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.22%. Wabash National's dividend payout ratio is -4.91%.

Wabash National 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.