Aristotle Capital Boston LLC Reduces Holdings in Wabash National Co. (NYSE:WNC)

Aristotle Capital Boston LLC decreased its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. acquired a new position in shares of Wabash National in the 4th quarter valued at $25,688,000. First Trust Advisors LP raised its holdings in shares of Wabash National by 22.5% in the fourth quarter. First Trust Advisors LP now owns 1,468,605 shares of the company's stock valued at $25,157,000 after buying an additional 269,846 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Wabash National by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 925,952 shares of the company's stock worth $15,862,000 after buying an additional 69,514 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Wabash National by 28.6% during the fourth quarter. Clearbridge Investments LLC now owns 646,912 shares of the company's stock worth $11,082,000 after buying an additional 143,899 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Wabash National by 8.5% during the fourth quarter. Northern Trust Corp now owns 497,552 shares of the company's stock worth $8,523,000 after buying an additional 38,928 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company's stock.

Wabash National Stock Performance

NYSE:WNC traded up $0.28 during midday trading on Thursday, reaching $8.37. The stock had a trading volume of 356,088 shares, compared to its average volume of 785,517. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The stock has a market cap of $350.45 million, a P/E ratio of -1.28 and a beta of 1.57. The firm has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $14.57. Wabash National Co. has a 12-month low of $6.78 and a 12-month high of $24.03.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly 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 positive return on equity of 14.72% and a negative net margin of 14.59%. The firm had revenue of $380.89 million for the quarter, compared to analysts' expectations of $414.55 million. During the same period in the prior year, the company earned $0.39 earnings per share. The company's revenue for the quarter was down 26.1% on a year-over-year basis. On average, equities analysts expect that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Announces Dividend

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. The ex-dividend date was Thursday, April 3rd. This represents a $0.32 annualized dividend and a dividend yield of 3.82%. Wabash National's payout ratio is currently -20.65%.

Analysts Set New Price Targets

Separately, DA Davidson decreased their price objective on Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, February 24th.

About Wabash National

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.