Wabash National Co. (NYSE:WNC) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its stake in shares of Wabash National Co. (NYSE:WNC) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 504,031 shares of the company’s stock after selling 21,042 shares during the period. Clearbridge Investments LLC owned about 1.15% of Wabash National worth $11,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wasatch Advisors LP grew its holdings in Wabash National by 66.9% during the first quarter. Wasatch Advisors LP now owns 1,380,766 shares of the company’s stock worth $41,340,000 after acquiring an additional 553,500 shares during the period. LSV Asset Management grew its holdings in Wabash National by 8.6% during the second quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock worth $27,522,000 after acquiring an additional 99,700 shares during the period. American Century Companies Inc. grew its holdings in Wabash National by 19.7% during the second quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after acquiring an additional 180,080 shares during the period. Victory Capital Management Inc. grew its holdings in Wabash National by 40.0% during the second quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock worth $22,175,000 after acquiring an additional 290,287 shares during the period. Finally, Peregrine Capital Management LLC grew its holdings in Wabash National by 0.4% in the second quarter. Peregrine Capital Management LLC now owns 755,077 shares of the company’s stock valued at $16,491,000 after purchasing an additional 3,135 shares during the period. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Stock Down 0.7 %

Shares of WNC opened at $18.13 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. Wabash National Co. has a 12 month low of $17.71 and a 12 month high of $30.07. The stock’s 50 day moving average is $19.31 and its two-hundred day moving average is $22.14. The firm has a market cap of $816.27 million, a P/E ratio of 4.36 and a beta of 1.52.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The company had revenue of $550.61 million for the quarter, compared to analyst estimates of $594.77 million. During the same period last year, the company earned $1.54 earnings per share. Wabash National’s quarterly revenue was down 19.8% compared to the same quarter last year. Analysts predict that Wabash National Co. will post 1.53 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, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, October 10th. Wabash National’s dividend payout ratio is presently 7.69%.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “neutral” rating and issued a $18.00 price objective on shares of Wabash National in a report on Monday, September 30th.

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.