Kennedy Capital Management LLC Sells 136,042 Shares of Wabash National Co. (NYSE:WNC)

Kennedy Capital Management LLC cut its holdings in Wabash National Co. (NYSE:WNC - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 221,189 shares of the company's stock after selling 136,042 shares during the quarter. Kennedy Capital Management LLC owned 0.51% of Wabash National worth $3,789,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Wabash National in the 4th quarter worth about $2,827,000. Wells Fargo & Company MN raised its position in Wabash National by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock valued at $477,000 after purchasing an additional 5,112 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Wabash National by 16.5% in the 4th quarter. Alliancebernstein L.P. now owns 153,011 shares of the company's stock worth $2,621,000 after purchasing an additional 21,640 shares during the period. Clearbridge Investments LLC raised its holdings in Wabash National by 28.6% during the 4th quarter. Clearbridge Investments LLC now owns 646,912 shares of the company's stock valued at $11,082,000 after buying an additional 143,899 shares during the period. Finally, Norges Bank bought a new stake in Wabash National in the fourth quarter worth $4,341,000. Institutional investors own 97.05% of the company's stock.

Wabash National Trading Down 1.3 %

Wabash National stock traded down $0.12 during mid-day trading on Tuesday, hitting $9.19. The company's stock had a trading volume of 858,539 shares, compared to its average volume of 735,694. Wabash National Co. has a one year low of $9.00 and a one year high of $26.92. The stock has a market cap of $388.66 million, a PE ratio of -1.41 and a beta of 1.49. The company has a 50 day moving average of $11.30 and a 200-day moving average of $15.57. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93.

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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 for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same quarter in the prior year, the business posted $1.07 EPS. On average, research analysts anticipate that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.32 annualized dividend and a dividend yield of 3.48%. Wabash National's dividend payout ratio is currently -4.91%.

Analyst Ratings Changes

Separately, DA Davidson dropped their price target 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.

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.