Geode Capital Management LLC Has $16.87 Million Stock Holdings in Wabash National Co. (NYSE:WNC)

Geode Capital Management LLC trimmed its stake in Wabash National Co. (NYSE:WNC - Free Report) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 984,792 shares of the company's stock after selling 26,416 shares during the quarter. Geode Capital Management LLC owned 2.27% of Wabash National worth $16,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in WNC. Inspire Investing LLC lifted its holdings in shares of Wabash National by 8.7% during the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock valued at $399,000 after buying an additional 1,860 shares during the last quarter. Principal Financial Group Inc. grew its position in Wabash National by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock worth $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 4th 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 last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Wabash National by 6.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company's stock valued at $1,220,000 after purchasing an additional 4,064 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its stake in shares of Wabash National by 9.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company's stock valued at $1,006,000 after purchasing an additional 5,064 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Performance

WNC traded up $0.19 on Thursday, hitting $10.30. The company had a trading volume of 58,841 shares, compared to its average volume of 753,708. Wabash National Co. has a 1-year low of $9.00 and a 1-year high of $25.74. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. The company's fifty day moving average price is $10.95 and its 200 day moving average price is $15.24. The stock has a market cap of $435.47 million, a price-to-earnings ratio of -1.57 and a beta of 1.49.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported ($0.02) 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 in the prior year, the company posted $1.07 earnings per share. Equities analysts predict that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National's payout ratio is currently -4.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their target price 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.

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.