Wabash National Corporation $WNC Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its stake in Wabash National Corporation (NYSE:WNC) by 84.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,980 shares of the company’s stock after selling 1,018,358 shares during the period. Royce & Associates LP owned 0.47% of Wabash National worth $1,661,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GSA Capital Partners LLP boosted its holdings in shares of Wabash National by 104.3% in the 4th quarter. GSA Capital Partners LLP now owns 143,594 shares of the company’s stock valued at $1,242,000 after buying an additional 73,325 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Wabash National in the 4th quarter valued at $173,000. World Investment Advisors acquired a new position in shares of Wabash National in the 4th quarter valued at $91,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Wabash National by 27.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 112,183 shares of the company’s stock valued at $970,000 after buying an additional 24,002 shares in the last quarter. Finally, Versor Investments LP boosted its holdings in shares of Wabash National by 413.3% in the 4th quarter. Versor Investments LP now owns 58,000 shares of the company’s stock valued at $502,000 after buying an additional 46,700 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WNC. DA Davidson reiterated a “neutral” rating and set a $8.50 price target on shares of Wabash National in a research note on Thursday, May 21st. Wall Street Zen cut shares of Wabash National from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings cut shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $8.75.

Wabash National Stock Down 3.2%

WNC stock opened at $7.94 on Friday. Wabash National Corporation has a one year low of $6.63 and a one year high of $12.94. The stock has a market capitalization of $322.95 million, a PE ratio of -4.96 and a beta of 1.61. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33. The company has a fifty day moving average of $8.28 and a 200-day moving average of $9.13.

Wabash National (NYSE:WNC) last released its earnings results on Friday, May 1st. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.01) by ($0.16). Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.The firm had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. During the same quarter last year, the business posted ($0.58) EPS. The firm’s revenue was down 20.4% on a year-over-year basis. As a group, analysts expect that Wabash National Corporation will post -1.75 EPS for the current year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, July 2nd. Wabash National’s dividend payout ratio (DPR) is -20.00%.

Wabash National Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.