Victory Capital Management Inc. Sells 41,317 Shares of Wabash National Co. (NYSE:WNC)

Victory Capital Management Inc. lessened its position in Wabash National Co. (NYSE:WNC) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,002,951 shares of the company’s stock after selling 41,317 shares during the period. Victory Capital Management Inc. owned about 2.31% of Wabash National worth $17,181,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. bought a new stake in Wabash National during the fourth quarter worth about $25,688,000. Weiss Asset Management LP acquired a new position in shares of Wabash National in the 3rd quarter worth approximately $3,457,000. Hotchkis & Wiley Capital Management LLC grew its position in Wabash National by 43.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock worth $11,321,000 after acquiring an additional 178,430 shares during the last quarter. Wasatch Advisors LP increased its holdings in Wabash National by 6.7% during the 3rd quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company’s stock valued at $35,985,000 after purchasing an additional 117,704 shares in the last quarter. Finally, Barclays PLC raised its position in Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company’s stock valued at $3,132,000 after purchasing an additional 89,522 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson decreased 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.

Insider Activity at Wabash National

In related news, SVP Michael N. Pettit sold 1,500 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 117,227 shares of the company’s stock, valued at $2,015,132.13. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.78% of the stock is owned by company insiders.

Wabash National Trading Down 2.9 %

WNC opened at $11.31 on Wednesday. Wabash National Co. has a 1-year low of $10.34 and a 1-year high of $30.07. The stock has a market capitalization of $479.94 million, a PE ratio of -1.73 and a beta of 1.64. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The firm has a 50-day moving average price of $14.23 and a two-hundred day moving average price of $17.13.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share 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 last year, the business posted $1.07 earnings per share. As a group, equities analysts anticipate that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National’s dividend payout ratio (DPR) is presently -4.91%.

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.