Wabash National Co. (NYSE:WNC) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC cut its holdings in Wabash National Co. (NYSE:WNC - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 374,538 shares of the company's stock after selling 40,539 shares during the quarter. Aristotle Capital Boston LLC owned approximately 0.86% of Wabash National worth $6,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WNC. Inspire Investing LLC lifted its position in shares of Wabash National by 8.7% in the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock worth $399,000 after purchasing an additional 1,860 shares during the period. Principal Financial Group Inc. lifted its holdings in Wabash National by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock worth $3,600,000 after buying an additional 2,704 shares during the period. EMC Capital Management raised its position in shares of Wabash National by 88.1% in the 4th quarter. EMC Capital Management now owns 8,250 shares of the company's stock worth $141,000 after acquiring an additional 3,864 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Wabash National by 6.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company's stock worth $1,220,000 after acquiring an additional 4,064 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its position in Wabash National by 9.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company's stock valued at $1,006,000 after purchasing an additional 5,064 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.

Wabash National Stock Up 1.0 %

Shares of WNC stock traded up $0.08 during trading hours on Tuesday, reaching $8.16. 1,000,737 shares of the company's stock were exchanged, compared to its average volume of 785,547. Wabash National Co. has a fifty-two week low of $6.78 and a fifty-two week high of $24.03. The stock's 50 day moving average is $10.45 and its 200-day moving average is $14.66. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The company has a market cap of $341.78 million, a price-to-earnings ratio of -1.25 and a beta of 1.57.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.32). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. The business had revenue of $380.89 million for the quarter, compared to analyst estimates of $414.55 million. During the same period in the prior year, the company earned $0.39 earnings per share. The company's quarterly revenue was down 26.1% on a year-over-year basis. Analysts predict that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.92%. The ex-dividend date was Thursday, April 3rd. Wabash National's dividend payout ratio is presently -20.65%.

Analyst Ratings Changes

Separately, DA Davidson lowered their price target on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating on the stock in a report 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.