JPMorgan Chase & Co. Sells 24,074 Shares of Wabash National Co. (NYSE:WNC)

JPMorgan Chase & Co. cut its holdings in shares of Wabash National Co. (NYSE:WNC - Free Report) by 19.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,193 shares of the company's stock after selling 24,074 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of Wabash National worth $1,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of WNC. Hsbc Holdings PLC lifted its holdings in shares of Wabash National by 11.3% in the second quarter. Hsbc Holdings PLC now owns 31,069 shares of the company's stock worth $679,000 after buying an additional 3,164 shares in the last quarter. XTX Topco Ltd purchased a new stake in Wabash National in the 2nd quarter worth approximately $316,000. Inspire Investing LLC boosted its holdings in Wabash National by 31.1% in the 2nd quarter. Inspire Investing LLC now owns 15,953 shares of the company's stock valued at $348,000 after purchasing an additional 3,789 shares during the period. Canada Pension Plan Investment Board purchased a new position in Wabash National during the second quarter worth about $66,000. Finally, Public Sector Pension Investment Board increased its position in shares of Wabash National by 6.4% in the second quarter. Public Sector Pension Investment Board now owns 99,026 shares of the company's stock worth $2,163,000 after purchasing an additional 5,978 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Price Performance

WNC traded down $0.24 during midday trading on Thursday, hitting $15.75. The stock had a trading volume of 287,863 shares, compared to its average volume of 797,126. Wabash National Co. has a 1 year low of $15.35 and a 1 year high of $30.07. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. The business has a fifty day moving average of $18.03 and a 200 day moving average of $18.95. The company has a market cap of $682.39 million, a P/E ratio of -2.90 and a beta of 1.57.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The company had revenue of $464.00 million during the quarter, compared to analysts' expectations of $477.35 million. During the same quarter in the prior year, the firm posted $1.16 EPS. The firm's quarterly revenue was down 26.7% on a year-over-year basis. As a group, equities analysts forecast that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, January 10th. Wabash National's dividend payout ratio is -5.89%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a "neutral" rating and issued a $18.00 target price on shares of Wabash National in a research note on Monday, September 30th.

Insider Buying and Selling

In related news, SVP Michael N. Pettit sold 1,500 shares of the business's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total transaction of $25,785.00. Following the transaction, the senior vice president now owns 117,227 shares in the company, valued at $2,015,132.13. The trade was a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.78% of the stock is owned by insiders.

Wabash National 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.