Royce & Associates LP cut its position in Wabash National Co. (NYSE:WNC - Free Report) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 963,367 shares of the company's stock after selling 282,693 shares during the quarter. Royce & Associates LP owned 2.22% of Wabash National worth $16,502,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of WNC. Barclays PLC grew its stake in Wabash National by 121.4% during the 3rd quarter. Barclays PLC now owns 163,251 shares of the company's stock worth $3,132,000 after purchasing an additional 89,522 shares in the last quarter. Jane Street Group LLC grew its stake in Wabash National by 46.8% during the 3rd quarter. Jane Street Group LLC now owns 160,946 shares of the company's stock worth $3,089,000 after purchasing an additional 51,274 shares in the last quarter. HighTower Advisors LLC acquired a new position in Wabash National during the 3rd quarter worth $192,000. Oppenheimer & Co. Inc. acquired a new position in Wabash National during the 4th quarter worth $644,000. Finally, BNP Paribas Financial Markets grew its stake in Wabash National by 75.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company's stock worth $1,623,000 after purchasing an additional 36,490 shares in the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, DA Davidson dropped their price objective on Wabash National from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, February 24th.
Get Our Latest Stock Analysis on WNC
Wabash National Stock Up 0.9 %
Shares of WNC traded up $0.10 during mid-day trading on Wednesday, reaching $11.53. The company's stock had a trading volume of 203,110 shares, compared to its average volume of 619,298. Wabash National Co. has a 12-month low of $10.34 and a 12-month high of $30.07. The stock has a market cap of $489.45 million, a PE ratio of -1.77 and a beta of 1.64. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. The company's 50 day moving average is $13.63 and its 200 day moving average is $16.84.
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 negative net margin of 14.59% and a positive return on equity of 14.72%. During the same period in the previous year, the company posted $1.07 earnings per share. Equities analysts anticipate that Wabash National Co. will post 0.94 EPS for the current fiscal year.
Wabash National Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.08 dividend. 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 2.78%. Wabash National's payout ratio is currently -4.91%.
Insider Activity at Wabash National
In related news, SVP Michael N. Pettit sold 1,500 shares of the company's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total value of $25,785.00. Following the completion of the sale, the senior vice president now directly owns 117,227 shares of the company's stock, valued at $2,015,132.13. This represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.78% of the company's stock.
About Wabash National
(
Free Report)
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.
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