Wasatch Advisors LP Sells 332,648 Shares of Wabash National Co. (NYSE:WNC)

Wasatch Advisors LP trimmed its holdings in shares of Wabash National Co. (NYSE:WNC) by 17.7% during the fourth quarter, HoldingsChannel reports. The fund owned 1,542,542 shares of the company’s stock after selling 332,648 shares during the quarter. Wasatch Advisors LP’s holdings in Wabash National were worth $26,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WNC. Inspire Investing LLC grew its stake in shares of Wabash National by 8.7% in the fourth quarter. Inspire Investing LLC now owns 23,313 shares of the company’s stock worth $399,000 after purchasing an additional 1,860 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Wabash National by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 210,137 shares of the company’s stock worth $3,600,000 after buying an additional 2,704 shares during the period. EMC Capital Management grew its position in shares of Wabash National by 88.1% in the 4th quarter. EMC Capital Management now owns 8,250 shares of the company’s stock valued at $141,000 after buying an additional 3,864 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Wabash National by 6.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company’s stock valued at $1,220,000 after buying an additional 4,064 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Wabash National by 9.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company’s stock valued at $1,006,000 after buying an additional 5,064 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Trading Up 8.6 %

NYSE:WNC opened at $9.96 on Thursday. Wabash National Co. has a 52 week low of $9.00 and a 52 week high of $26.92. The firm’s fifty day moving average is $11.22 and its 200-day moving average is $15.53. The firm has a market cap of $421.18 million, a P/E 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.

Wabash National (NYSE:WNC) last issued its quarterly earnings results 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 quarter in the prior year, the firm posted $1.07 EPS. Equities analysts expect that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.32 annualized dividend and a yield of 3.21%. Wabash National’s dividend payout ratio is currently -4.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson cut their price objective on Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th.

About Wabash National

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.