American Century Companies Inc. Sells 83,304 Shares of Wabash National Co. (NYSE:WNC)

American Century Companies Inc. cut its stake in shares of Wabash National Co. (NYSE:WNC - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,161,249 shares of the company's stock after selling 83,304 shares during the quarter. American Century Companies Inc. owned approximately 2.68% of Wabash National worth $19,892,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EMC Capital Management boosted 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 acquiring an additional 3,864 shares in the last quarter. AlphaQuest LLC raised its stake in shares of 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 last quarter. HighTower Advisors LLC purchased a new position in shares of Wabash National during the third quarter valued at approximately $192,000. Dynamic Technology Lab Private Ltd purchased a new stake in Wabash National in the 3rd quarter valued at $203,000. Finally, Intech Investment Management LLC purchased a new position in Wabash National during the 3rd quarter worth $214,000. Institutional investors and hedge funds own 97.05% of the company's stock.

Wabash National Stock Performance

Wabash National stock traded up $0.16 during mid-day trading on Wednesday, reaching $11.19. 385,412 shares of the company's stock were exchanged, compared to its average volume of 1,178,313. The business's fifty day simple moving average is $12.61 and its 200 day simple moving average is $16.31. 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 one year low of $10.34 and a one year high of $29.59. The firm has a market capitalization of $475.02 million, a PE ratio of -1.72 and a beta of 1.64.

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Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, sell-side analysts expect that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.08 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.32 annualized dividend and a dividend yield of 2.86%. Wabash National's payout ratio is presently -4.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their price objective on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company 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.