Wabash National Co. (NYSE:WNC) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of Wabash National Co. (NYSE:WNC) by 2.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,600 shares of the company’s stock after selling 2,200 shares during the period. Swiss National Bank owned approximately 0.20% of Wabash National worth $1,483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Wasatch Advisors LP increased its position in shares of Wabash National by 6.7% in the third quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company’s stock valued at $35,985,000 after buying an additional 117,704 shares in the last quarter. State Street Corp increased its holdings in Wabash National by 1.0% in the 3rd quarter. State Street Corp now owns 1,744,629 shares of the company’s stock worth $33,479,000 after acquiring an additional 16,826 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Wabash National during the fourth quarter worth $25,688,000. Charles Schwab Investment Management Inc. lifted its holdings in Wabash National by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 925,952 shares of the company’s stock valued at $15,862,000 after purchasing an additional 69,514 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of Wabash National by 43.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock valued at $11,321,000 after purchasing an additional 178,430 shares during the period. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Insider Buying and Selling

In related news, SVP Michael N. Pettit sold 1,500 shares of the 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 transaction, the senior vice president now directly owns 117,227 shares in the company, valued at approximately $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their price target on shares of Wabash National from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th.

Wabash National Trading Down 7.3 %

Shares of WNC stock opened at $11.06 on Friday. Wabash National Co. has a fifty-two week low of $10.34 and a fifty-two week high of $30.07. The firm has a market capitalization of $469.28 million, a P/E ratio of -1.70 and a beta of 1.64. The stock’s fifty day moving average is $12.80 and its two-hundred day moving average is $16.45. 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 earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share 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 period last year, the firm earned $1.07 EPS. Research analysts expect that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National’s dividend payout ratio is currently -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.