Charles Schwab Investment Management Inc. Buys 69,514 Shares of 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 4th quarter, HoldingsChannel.com reports. 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.’s holdings in Wabash National were worth $15,862,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wasatch Advisors LP raised its holdings in Wabash National by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company’s stock worth $35,985,000 after acquiring an additional 117,704 shares in the last quarter. State Street Corp raised its holdings in Wabash National by 1.0% during the third 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. bought a new stake in Wabash National during the fourth quarter worth about $25,688,000. Hotchkis & Wiley Capital Management LLC increased its position in Wabash National by 43.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock worth $11,321,000 after buying an additional 178,430 shares during the last quarter. Finally, Meros Investment Management LP increased its position in Wabash National by 21.1% during the third quarter. Meros Investment Management LP now owns 483,774 shares of the company’s stock worth $9,284,000 after buying an additional 84,308 shares during the last quarter. Institutional investors own 97.05% of the company’s stock.

Insider Activity

In other news, SVP Michael N. Pettit sold 1,500 shares of the company’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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.78% of the stock is owned by company insiders.

Wabash National Price Performance

Shares of NYSE WNC opened at $11.37 on Friday. The business’s 50 day moving average price is $13.42 and its two-hundred day moving average price is $16.77. The company has a market cap of $482.44 million, a PE ratio of -1.74 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 twelve month low of $10.34 and a twelve month high of $30.07.

Wabash National (NYSE:WNC) last announced 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 positive return on equity of 14.72% and a negative net margin of 14.59%. During the same period last year, the company posted $1.07 EPS. On average, analysts predict that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price target on Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a research 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.