Barclays PLC Sells 13,578 Shares of Wabash National Co. (NYSE:WNC)

Barclays PLC trimmed its position in shares of Wabash National Co. (NYSE:WNC) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 149,673 shares of the company’s stock after selling 13,578 shares during the period. Barclays PLC’s holdings in Wabash National were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of WNC. EMC Capital Management lifted its position in shares of Wabash National by 88.1% during the 4th quarter. EMC Capital Management now owns 8,250 shares of the company’s stock valued at $141,000 after buying an additional 3,864 shares during the last quarter. AlphaQuest LLC raised its stake in 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 acquiring an additional 9,962 shares during the period. Entropy Technologies LP purchased a new stake in Wabash National during the fourth quarter valued at about $219,000. Amundi boosted its position in Wabash National by 182.8% during the fourth quarter. Amundi now owns 21,263 shares of the company’s stock worth $358,000 after purchasing an additional 13,745 shares during the period. Finally, Inspire Investing LLC increased its stake in shares of Wabash National by 8.7% in the fourth quarter. Inspire Investing LLC now owns 23,313 shares of the company’s stock worth $399,000 after purchasing an additional 1,860 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Price Performance

Wabash National stock opened at $6.92 on Thursday. The firm has a market capitalization of $292.63 million, a P/E ratio of -1.06 and a beta of 1.49. Wabash National Co. has a one year low of $6.78 and a one year high of $24.03. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. The business has a fifty day moving average price of $10.67 and a 200-day moving average price of $14.94.

Wabash National (NYSE:WNC) last issued its earnings results on Wednesday, April 30th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.32). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The company had revenue of $380.89 million during the quarter, compared to the consensus estimate of $414.55 million. During the same quarter in the prior year, the business earned $0.39 EPS. The firm’s revenue for the quarter was down 26.1% compared to the same quarter last year. As a group, equities research analysts forecast that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 3rd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Thursday, April 3rd. Wabash National’s dividend payout ratio (DPR) is presently -4.91%.

Analyst Ratings Changes

Separately, DA Davidson dropped 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 note on Monday, February 24th.

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.