Norges Bank Invests $4.34 Million in Wabash National Co. (NYSE:WNC)

Norges Bank acquired a new stake in shares of Wabash National Co. (NYSE:WNC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 253,407 shares of the company's stock, valued at approximately $4,341,000. Norges Bank owned about 0.58% of Wabash National as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. EMC Capital Management raised its holdings in 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 buying an additional 3,864 shares during the period. AlphaQuest LLC raised its holdings in shares of Wabash National by 332,066.7% during the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock valued at $171,000 after purchasing an additional 9,962 shares in the last quarter. HighTower Advisors LLC bought a new position in Wabash National during the third quarter valued at about $192,000. Entropy Technologies LP acquired a new stake in Wabash National in the 4th quarter worth approximately $219,000. Finally, FMR LLC lifted its stake in shares of Wabash National by 84.1% in the third quarter. FMR LLC now owns 13,362 shares of the company's stock worth $256,000 after buying an additional 6,105 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Performance

Wabash National stock traded up $0.01 during trading hours on Tuesday, hitting $9.32. The stock had a trading volume of 44,268 shares, compared to its average volume of 1,145,202. The company has a 50-day moving average of $11.40 and a two-hundred day moving average of $15.62. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. Wabash National Co. has a fifty-two week low of $9.10 and a fifty-two week high of $26.92. The company has a market cap of $394.11 million, a PE ratio of -1.43 and a beta of 1.49.

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Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) EPS 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 quarter in the prior year, the company earned $1.07 EPS. On average, equities research analysts anticipate that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued 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 3.43%. Wabash National's payout ratio is presently -4.91%.

Analyst Ratings Changes

Separately, DA Davidson cut their price objective on Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a research report 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.