KLP Kapitalforvaltning AS Has $92,000 Position in Wabash National Corporation (NYSE:WNC)

KLP Kapitalforvaltning AS trimmed its position in Wabash National Corporation (NYSE:WNC - Free Report) by 78.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,300 shares of the company's stock after selling 30,800 shares during the period. KLP Kapitalforvaltning AS's holdings in Wabash National were worth $92,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in Wabash National in the first quarter worth about $671,000. Allianz Asset Management GmbH lifted its holdings in Wabash National by 69.9% in the first quarter. Allianz Asset Management GmbH now owns 192,398 shares of the company's stock worth $2,126,000 after acquiring an additional 79,186 shares during the last quarter. Signaturefd LLC lifted its holdings in Wabash National by 1,517.3% in the first quarter. Signaturefd LLC now owns 8,976 shares of the company's stock worth $99,000 after acquiring an additional 8,421 shares during the last quarter. CWM LLC lifted its holdings in Wabash National by 1,520.7% in the first quarter. CWM LLC now owns 5,235 shares of the company's stock worth $58,000 after acquiring an additional 4,912 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Wabash National in the first quarter worth about $307,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Performance

NYSE WNC traded down $0.39 during trading hours on Friday, reaching $9.57. The company's stock had a trading volume of 632,752 shares, compared to its average volume of 1,011,000. The business has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $11.07. The stock has a market cap of $391.80 million, a PE ratio of -3.95 and a beta of 1.65. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. Wabash National Corporation has a 52 week low of $6.78 and a 52 week high of $20.63.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.16. The company had revenue of $458.82 million for the quarter, compared to analysts' expectations of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%. The business's revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. Equities research analysts predict that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, July 3rd. Wabash National's payout ratio is -13.22%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised their target price on shares of Wabash National from $7.50 to $9.50 and gave the stock a "neutral" rating in a report 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.