Dimensional Fund Advisors LP Sells 81,295 Shares of Wabash National Co. (NYSE:WNC)

Dimensional Fund Advisors LP cut its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,699,733 shares of the company's stock after selling 81,295 shares during the quarter. Dimensional Fund Advisors LP owned about 6.23% of Wabash National worth $46,247,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. EMC Capital Management grew 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 buying an additional 3,864 shares during the period. AlphaQuest LLC grew its holdings in Wabash National by 332,066.7% in the fourth quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock worth $171,000 after purchasing an additional 9,962 shares during the period. Entropy Technologies LP bought a new position in shares of Wabash National during the fourth quarter valued at approximately $219,000. Canada Pension Plan Investment Board purchased a new position in shares of Wabash National during the fourth quarter valued at approximately $266,000. Finally, Amundi boosted its position in shares of Wabash National by 182.8% in the 4th quarter. Amundi now owns 21,263 shares of the company's stock worth $358,000 after purchasing an additional 13,745 shares in the last quarter. Institutional investors own 97.05% of the company's stock.

Wabash National Stock Up 1.0 %

Shares of WNC traded up $0.08 during trading hours on Tuesday, hitting $8.16. The company had a trading volume of 1,000,737 shares, compared to its average volume of 785,547. Wabash National Co. has a 52-week low of $6.78 and a 52-week high of $24.03. The firm has a fifty day moving average price of $10.45 and a 200-day moving average price of $14.66. The stock has a market capitalization of $341.78 million, a price-to-earnings ratio of -1.25 and a beta of 1.57. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93.

Wabash National (NYSE:WNC - Get Free Report) last issued 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 positive return on equity of 14.72% and a negative net margin of 14.59%. The firm 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 company posted $0.39 EPS. The company's quarterly revenue was down 26.1% on a year-over-year basis. On average, equities research analysts forecast that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

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

Analysts Set New Price Targets

Separately, DA Davidson reduced 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.

Wabash National 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.