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

Royce & Associates LP cut its position in Wabash National Co. (NYSE:WNC) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 963,367 shares of the company’s stock after selling 282,693 shares during the period. Royce & Associates LP’s holdings in Wabash National were worth $16,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WNC. Gladius Capital Management LP acquired a new stake in Wabash National during the 3rd quarter worth $29,000. Meeder Asset Management Inc. purchased a new position in shares of Wabash National in the third quarter worth about $44,000. EMC Capital Management boosted its position in Wabash National by 88.1% during the fourth quarter. EMC Capital Management now owns 8,250 shares of the company’s stock worth $141,000 after acquiring an additional 3,864 shares during the last quarter. AlphaQuest LLC grew its stake in Wabash National by 332,066.7% during the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company’s stock valued at $171,000 after acquiring an additional 9,962 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Wabash National in the 3rd quarter valued at about $192,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Stock Up 2.6 %

Shares of WNC opened at $11.04 on Monday. Wabash National Co. has a 52-week low of $10.34 and a 52-week high of $30.07. 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 stock has a fifty day simple moving average of $13.86 and a two-hundred day simple moving average of $16.96. The company has a market capitalization of $468.78 million, a PE ratio of -1.69 and a beta of 1.64.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 earned $1.07 EPS. As a group, equities analysts forecast that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a $0.08 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.32 annualized dividend and a yield of 2.90%. Wabash National’s payout ratio is -4.91%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total transaction 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 $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.78% of the stock is owned by insiders.

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.