Dupont Capital Management Corp cut its holdings in Wabash National Co. (NYSE:WNC) by 44.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,088 shares of the company’s stock after selling 21,032 shares during the quarter. Dupont Capital Management Corp’s holdings in Wabash National were worth $566,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WNC. Nationwide Fund Advisors boosted its stake in shares of Wabash National by 146.3% in the second quarter. Nationwide Fund Advisors now owns 107,474 shares of the company’s stock valued at $2,362,000 after buying an additional 63,830 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Wabash National by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock valued at $689,000 after buying an additional 156 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Wabash National by 15.7% in the second quarter. UBS Asset Management Americas Inc. now owns 15,497 shares of the company’s stock valued at $341,000 after buying an additional 2,100 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Wabash National by 4.2% in the second quarter. Parametric Portfolio Associates LLC now owns 286,631 shares of the company’s stock valued at $6,300,000 after buying an additional 11,634 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Wabash National by 106.6% in the second quarter. Voya Investment Management LLC now owns 121,459 shares of the company’s stock valued at $2,670,000 after buying an additional 62,668 shares in the last quarter.

In other news, CEO Richard J. Giromini sold 58,300 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total value of $1,459,832.00. Following the completion of the transaction, the chief executive officer now directly owns 803,680 shares of the company’s stock, valued at $20,124,147.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

A number of analysts recently weighed in on the company. Stifel Nicolaus set a $25.00 price target on Wabash National and gave the company a “hold” rating in a research note on Friday. BMO Capital Markets lifted their price target on Wabash National to $24.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Seaport Global Securities reiterated a “neutral” rating on shares of Wabash National in a research report on Tuesday, January 16th. Zacks Investment Research downgraded Wabash National from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, OTR Global downgraded Wabash National to a “positive” rating in a research report on Thursday, December 14th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Wabash National has an average rating of “Buy” and a consensus target price of $26.00.

Shares of Wabash National Co. (NYSE:WNC) opened at $23.23 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.39 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $1,430.81, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.57 and a beta of 1.73. Wabash National Co. has a 12-month low of $18.25 and a 12-month high of $26.54.

Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, January 30th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The company had revenue of $543.40 million for the quarter, compared to the consensus estimate of $517.96 million. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. Wabash National’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. equities analysts predict that Wabash National Co. will post 1.97 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.29%. This is an increase from Wabash National’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, January 3rd. Wabash National’s payout ratio is presently 16.85%.

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Wabash National Company Profile

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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