Wabash National Co. (NYSE:WNC) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in Wabash National Co. (NYSE:WNC) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,161,249 shares of the company’s stock after selling 83,304 shares during the quarter. American Century Companies Inc. owned about 2.68% of Wabash National worth $19,892,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company’s stock worth $3,132,000 after acquiring an additional 89,522 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Wabash National by 46.8% in the third quarter. Jane Street Group LLC now owns 160,946 shares of the company’s stock valued at $3,089,000 after purchasing an additional 51,274 shares during the period. HighTower Advisors LLC acquired a new stake in Wabash National during the third quarter worth about $192,000. Oppenheimer & Co. Inc. purchased a new position in Wabash National during the fourth quarter worth about $644,000. Finally, BNP Paribas Financial Markets boosted its holdings in Wabash National by 75.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company’s stock valued at $1,623,000 after purchasing an additional 36,490 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Price Performance

NYSE:WNC opened at $11.06 on Monday. The company has a market capitalization of $469.28 million, a P/E ratio of -1.70 and a beta of 1.64. 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 52 week low of $10.34 and a 52 week high of $30.07. The stock’s fifty day moving average is $12.80 and its two-hundred day moving average is $16.42.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, January 29th. The company reported ($0.02) 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 quarter last year, the firm posted $1.07 earnings per share. Equities analysts expect that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, April 3rd. This represents a $0.32 annualized dividend and a yield of 2.89%. Wabash National’s dividend payout ratio (DPR) is presently -4.91%.

Insider Buying and Selling at Wabash National

In other 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 sale, the senior vice president now owns 117,227 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.