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

Swiss National Bank reduced its stake in Wabash National Co. (NYSE:WNC) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 86,600 shares of the company’s stock after selling 2,200 shares during the quarter. Swiss National Bank’s holdings in Wabash National were worth $1,483,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. EMC Capital Management lifted its stake in Wabash National by 88.1% during the fourth quarter. EMC Capital Management now owns 8,250 shares of the company’s stock worth $141,000 after purchasing an additional 3,864 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Wabash National by 332,066.7% in the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company’s stock valued at $171,000 after buying an additional 9,962 shares during the period. HighTower Advisors LLC acquired a new position in Wabash National during the 3rd quarter worth about $192,000. Dynamic Technology Lab Private Ltd purchased a new position in Wabash National during the 3rd quarter valued at about $203,000. Finally, Intech Investment Management LLC acquired a new position in Wabash National in the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

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 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 sale, the senior vice president now directly owns 117,227 shares in the company, valued at $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.78% of the stock is currently 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 on the stock in a research report on Monday, February 24th.

Wabash National Stock Performance

NYSE:WNC opened at $11.06 on Friday. The company has a market cap of $469.28 million, a price-to-earnings 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 company has a fifty day simple moving average of $12.80 and a two-hundred day simple moving average of $16.45.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, January 29th. The company reported ($0.02) EPS 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. As a group, equities analysts anticipate that Wabash National Co. will post 0.94 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, April 24th. Investors of record on Thursday, April 3rd will be paid 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 yield of 2.89%. 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.