LSV Asset Management Cuts Stake in Wabash National Co. (NYSE:WNC)

LSV Asset Management reduced its holdings in shares of Wabash National Co. (NYSE:WNC) by 3.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,067,039 shares of the company’s stock after selling 41,700 shares during the period. LSV Asset Management’s holdings in Wabash National were worth $27,338,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. EMC Capital Management purchased a new stake in shares of Wabash National in the 3rd quarter valued at $129,000. Mutual of America Capital Management LLC purchased a new stake in Wabash National during the fourth quarter valued at about $207,000. Mackenzie Financial Corp bought a new position in shares of Wabash National during the fourth quarter valued at about $237,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Wabash National by 124.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,365 shares of the company’s stock worth $200,000 after buying an additional 5,192 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Wabash National during the 3rd quarter valued at about $239,000. 97.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Wabash National

In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the sale, the director now owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the sale, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry J. Magee sold 3,086 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the sale, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by company insiders.

Wabash National Price Performance

WNC stock opened at $23.34 on Monday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 5.61 and a beta of 1.62. The firm’s 50-day moving average price is $27.00 and its two-hundred day moving average price is $25.03. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. Wabash National Co. has a 12-month low of $20.09 and a 12-month high of $30.07.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The business had revenue of $515.28 million for the quarter. As a group, equities analysts predict that Wabash National Co. will post 2.21 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 4th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, April 3rd. Wabash National’s payout ratio is 7.69%.

Analysts Set New Price Targets

Separately, StockNews.com cut Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

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.