Charles Schwab Investment Management Inc. Has $15.86 Million Holdings in Wabash National Co. (NYSE:WNC)

Charles Schwab Investment Management Inc. increased its stake in shares of Wabash National Co. (NYSE:WNC) by 8.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 925,952 shares of the company’s stock after acquiring an additional 69,514 shares during the period. Charles Schwab Investment Management Inc. owned 2.14% of Wabash National worth $15,862,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of Wabash National during the 3rd quarter valued at about $44,000. EMC Capital Management increased its holdings in shares of Wabash National by 88.1% during the 4th quarter. EMC Capital Management now owns 8,250 shares of the company’s stock valued at $141,000 after acquiring an additional 3,864 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Wabash National during the 3rd quarter valued at about $192,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Wabash National during the 3rd quarter valued at about $203,000. Finally, Intech Investment Management LLC acquired a new position in shares of Wabash National during the 3rd quarter valued at about $214,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Stock Performance

WNC opened at $11.37 on Friday. The firm has a market capitalization of $482.44 million, a P/E ratio of -1.74 and a beta of 1.64. The stock’s 50 day moving average price is $13.42 and its two-hundred day moving average price is $16.77. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. Wabash National Co. has a 12-month low of $10.34 and a 12-month high of $30.07.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (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 period last year, the business posted $1.07 earnings per share. On average, equities analysts forecast that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.82%. Wabash National’s dividend payout ratio is currently -4.91%.

Insiders Place Their Bets

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total value of $25,785.00. Following the completion of the sale, the senior vice president now owns 117,227 shares in the company, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.78% of the company’s stock.

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.

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.