Ballentine Partners LLC Buys Shares of 27,738 Wabash National Corporation (NYSE:WNC)

Ballentine Partners LLC purchased a new position in Wabash National Corporation (NYSE:WNC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,738 shares of the company's stock, valued at approximately $307,000. Ballentine Partners LLC owned 0.07% of Wabash National as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Wabash National by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 925,952 shares of the company's stock valued at $15,862,000 after buying an additional 69,514 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Wabash National in the fourth quarter valued at about $2,827,000. Amundi boosted its stake in Wabash National by 182.8% in the fourth quarter. Amundi now owns 21,263 shares of the company's stock valued at $358,000 after buying an additional 13,745 shares in the last quarter. Sei Investments Co. boosted its stake in Wabash National by 3.7% in the fourth quarter. Sei Investments Co. now owns 279,850 shares of the company's stock valued at $4,794,000 after buying an additional 10,055 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Wabash National in the fourth quarter valued at about $670,000. Institutional investors own 97.05% of the company's stock.

Wabash National Stock Down 2.2%

NYSE WNC traded down $0.22 during mid-day trading on Friday, hitting $9.70. The company's stock had a trading volume of 4,849,438 shares, compared to its average volume of 810,367. The company's 50 day simple moving average is $10.01 and its 200 day simple moving average is $11.48. Wabash National Corporation has a twelve month low of $6.78 and a twelve month high of $23.11. The company has a current ratio of 1.58, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $406.14 million, a price-to-earnings ratio of -6.26 and a beta of 1.65.

Wabash National (NYSE:WNC - Get Free Report) last announced 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 3.49% and a negative net margin of 3.93%. The company had revenue of $380.89 million for the quarter, compared to the consensus estimate of $414.55 million. During the same quarter last year, the company posted $0.39 EPS. The company's quarterly revenue was down 26.1% compared to the same quarter last year. Analysts anticipate that Wabash National Corporation will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 3.30%. Wabash National's dividend payout ratio (DPR) is -20.65%.

Analyst Ratings Changes

Separately, DA Davidson lifted their price target on Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a research note on Monday, June 23rd.

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.