Wasatch Advisors LP Has $26.42 Million Position in Wabash National Co. (NYSE:WNC)

Wasatch Advisors LP lessened its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,542,542 shares of the company's stock after selling 332,648 shares during the quarter. Wasatch Advisors LP owned approximately 3.56% of Wabash National worth $26,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Wabash National in the 4th quarter valued at $2,827,000. Wells Fargo & Company MN lifted its stake in Wabash National by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock worth $477,000 after purchasing an additional 5,112 shares during the period. Alliancebernstein L.P. lifted its position 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 buying an additional 21,640 shares during the period. Clearbridge Investments LLC raised its stake in Wabash National by 28.6% during the fourth 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 bought a new position in shares of Wabash National during the fourth quarter valued at $4,341,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson cut their price target on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th.

Wabash National Price Performance

Wabash National stock traded up $0.09 on Tuesday, reaching $10.00. The company's stock had a trading volume of 179,875 shares, compared to its average volume of 754,059. Wabash National Co. has a twelve month low of $9.00 and a twelve month high of $26.41. The company has a market cap of $422.66 million, a price-to-earnings ratio of -1.53 and a beta of 1.49. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The business's fifty day moving average price is $11.04 and its 200 day moving average price is $15.32.

Wabash National (NYSE:WNC - Get Free Report) last posted 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 negative net margin of 14.59% and a positive return on equity of 14.72%. During the same quarter last year, the firm posted $1.07 earnings per share. Equities analysts expect that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders 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 3.20%. Wabash National's dividend payout ratio (DPR) is currently -4.91%.

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.