Wabash National Co. (NYSE:WNC) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its stake in shares of Wabash National Co. (NYSE:WNC) by 22.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 963,367 shares of the company’s stock after selling 282,693 shares during the period. Royce & Associates LP owned approximately 2.22% of Wabash National worth $16,502,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC lifted its position 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 acquiring an additional 89,522 shares during the period. Jane Street Group LLC lifted its holdings in shares of Wabash National by 46.8% during the third 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 during the period. HighTower Advisors LLC acquired a new position in Wabash National in the 3rd quarter worth approximately $192,000. Oppenheimer & Co. Inc. purchased a new position in Wabash National during the 4th quarter worth approximately $644,000. Finally, BNP Paribas Financial Markets lifted 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 valued at $1,623,000 after acquiring an additional 36,490 shares during the period. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Stock Up 2.6 %

Shares of WNC opened at $11.04 on Monday. The stock’s 50-day moving average price is $13.86 and its 200-day moving average price is $16.96. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $468.78 million, a price-to-earnings ratio of -1.69 and a beta of 1.64. Wabash National Co. has a 52 week low of $10.34 and a 52 week high of $30.07.

Wabash National (NYSE:WNC) last issued 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 last year, the firm posted $1.07 EPS. On average, sell-side analysts predict that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Announces Dividend

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 dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National’s payout ratio is currently -4.91%.

Analysts Set New Price Targets

Separately, DA Davidson reduced their target price 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.

Insider Activity

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 transaction, the senior vice president now owns 117,227 shares of the company’s stock, valued at approximately $2,015,132.13. This represents a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.78% of the company’s stock.

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.