Vanguard Group Inc. Sells 151,957 Shares of Wabash National Co. (NYSE:WNC)

Vanguard Group Inc. trimmed its stake in Wabash National Co. (NYSE:WNC) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,629,912 shares of the company’s stock after selling 151,957 shares during the period. Vanguard Group Inc. owned about 14.70% of Wabash National worth $169,858,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its position in Wabash National by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 30,225 shares of the company’s stock worth $774,000 after acquiring an additional 404 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Wabash National by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 31,423 shares of the company’s stock valued at $805,000 after buying an additional 447 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Wabash National by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 34,277 shares of the company’s stock valued at $878,000 after buying an additional 510 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Wabash National by 61.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $38,000 after buying an additional 565 shares in the last quarter. Finally, Range Financial Group LLC grew its holdings in Wabash National by 3.8% during the 4th quarter. Range Financial Group LLC now owns 24,700 shares of the company’s stock worth $633,000 after acquiring an additional 911 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on WNC shares. DA Davidson reiterated a “neutral” rating and issued a $23.00 price objective on shares of Wabash National in a research report on Monday, June 24th. StockNews.com downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Wabash National Stock Up 0.4 %

Wabash National stock opened at $21.84 on Thursday. Wabash National Co. has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The firm has a market capitalization of $983.30 million, a PE ratio of 5.25 and a beta of 1.56. The company’s 50-day moving average is $22.10 and its 200-day moving average is $24.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.11.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The company had revenue of $515.28 million for the quarter. Wabash National had a return on equity of 37.84% and a net margin of 8.15%. Sell-side analysts anticipate that Wabash National Co. will post 2.17 earnings per share for the current year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, July 3rd. Wabash National’s dividend payout ratio is currently 7.69%.

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.