LSV Asset Management Sells 131,872 Shares of Wabash National Co. (NYSE:WNC)

LSV Asset Management lessened its stake in shares of Wabash National Co. (NYSE:WNC - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,126,511 shares of the company's stock after selling 131,872 shares during the quarter. LSV Asset Management owned approximately 2.60% of Wabash National worth $19,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WNC. Raymond James Financial Inc. bought a new position in Wabash National in the 4th quarter worth $2,827,000. Wells Fargo & Company MN boosted its position in Wabash National by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock valued at $477,000 after acquiring an additional 5,112 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Wabash National by 16.5% during the 4th quarter. Alliancebernstein L.P. now owns 153,011 shares of the company's stock worth $2,621,000 after acquiring an additional 21,640 shares during the period. Clearbridge Investments LLC raised its position in shares of Wabash National by 28.6% in the 4th quarter. Clearbridge Investments LLC now owns 646,912 shares of the company's stock worth $11,082,000 after acquiring an additional 143,899 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Wabash National in the 4th quarter valued at approximately $4,341,000. Institutional investors own 97.05% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson decreased their target price 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.

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Wabash National Stock Performance

NYSE:WNC traded down $0.12 during trading hours on Tuesday, reaching $9.19. The company had a trading volume of 858,539 shares, compared to its average volume of 735,694. The firm has a market cap of $388.66 million, a price-to-earnings ratio of -1.41 and a beta of 1.49. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The firm's 50 day moving average price is $11.30 and its 200-day moving average price is $15.57. Wabash National Co. has a 52 week low of $9.00 and a 52 week high of $26.92.

Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share 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 firm posted $1.07 earnings per share. On average, analysts forecast that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The business also recently disclosed 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. 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 3.48%. Wabash National's dividend payout ratio (DPR) is presently -4.91%.

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.