Wabash National Co. (NYSE:WNC) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in Wabash National Co. (NYSE:WNC - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,699,733 shares of the company's stock after selling 81,295 shares during the quarter. Dimensional Fund Advisors LP owned 6.23% of Wabash National worth $46,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its stake in Wabash National by 121.4% during the 3rd quarter. Barclays PLC now owns 163,251 shares of the company's stock valued at $3,132,000 after buying an additional 89,522 shares during the last quarter. Inspire Investing LLC lifted its stake 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. Exchange Traded Concepts LLC boosted its stake in shares of Wabash National by 6.1% during 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 during the last quarter. Pacer Advisors Inc. bought a new position in shares of Wabash National in the fourth quarter worth about $25,688,000. Finally, EMC Capital Management lifted its stake in shares of Wabash National by 88.1% during the 4th quarter. EMC Capital Management now owns 8,250 shares of the company's stock valued at $141,000 after buying an additional 3,864 shares in the last quarter. Institutional investors own 97.05% of the company's stock.

Wabash National Trading Up 2.8 %

Shares of WNC stock traded up $0.23 on Friday, reaching $8.57. 230,754 shares of the company's stock were exchanged, compared to its average volume of 785,984. Wabash National Co. has a 52 week low of $6.78 and a 52 week high of $24.03. The company's fifty day simple moving average is $10.26 and its 200 day simple moving average is $14.51. The stock has a market capitalization of $358.83 million, a PE ratio of -1.31 and a beta of 1.57. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10.

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

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.73%. Wabash National's dividend payout ratio is currently -20.65%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price objective on Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a research note 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.