Los Angeles Capital Management LLC Reduces Stake in Wabash National Co. (NYSE:WNC)

Los Angeles Capital Management LLC trimmed its position in shares of Wabash National Co. (NYSE:WNC) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,105 shares of the company’s stock after selling 3,432 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.11% of Wabash National worth $1,335,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new stake in Wabash National in the 3rd quarter valued at approximately $1,595,000. AQR Capital Management LLC lifted its position in shares of Wabash National by 12.7% in the third quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock valued at $11,559,000 after acquiring an additional 61,887 shares in the last quarter. American Century Companies Inc. increased its position in Wabash National by 99.0% during the 3rd quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock worth $5,582,000 after purchasing an additional 131,512 shares in the last quarter. Quantbot Technologies LP raised its stake in Wabash National by 143.4% in the 3rd quarter. Quantbot Technologies LP now owns 38,185 shares of the company’s stock valued at $806,000 after purchasing an additional 22,495 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Wabash National by 9.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after purchasing an additional 49,443 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Price Performance

Shares of NYSE:WNC opened at $23.63 on Thursday. The company has a market cap of $1.06 billion, a P/E ratio of 5.68 and a beta of 1.62. The business has a fifty day simple moving average of $26.74 and a 200-day simple moving average of $25.05. Wabash National Co. has a 52 week low of $20.09 and a 52 week high of $30.07. The company has a quick ratio of 1.11, a current ratio of 1.87 and a debt-to-equity ratio of 0.73.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $515.28 million during the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%. Equities research analysts forecast that Wabash National Co. will post 2.21 EPS for the current year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.35%. Wabash National’s payout ratio is 7.69%.

Insider Buying and Selling

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the sale, the director now owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

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.