Millennium Management LLC Sells 204,915 Shares of Wabash National Co. (NYSE:WNC)

Millennium Management LLC decreased its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 81.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,658 shares of the company's stock after selling 204,915 shares during the quarter. Millennium Management LLC owned about 0.11% of Wabash National worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. First Trust Advisors LP increased its stake in Wabash National by 22.5% during the 4th quarter. First Trust Advisors LP now owns 1,468,605 shares of the company's stock valued at $25,157,000 after purchasing an additional 269,846 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Wabash National by 10.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,059,674 shares of the company's stock valued at $18,152,000 after buying an additional 99,360 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Wabash National by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,386 shares of the company's stock worth $15,938,000 after acquiring an additional 49,771 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 69,514 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Wabash National by 28.6% in the 4th quarter. Clearbridge Investments LLC now owns 646,912 shares of the company's stock worth $11,082,000 after acquiring an additional 143,899 shares during the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 report on Monday, February 24th.

Wabash National Stock Up 4.2%

Wabash National stock traded up $0.42 during trading on Tuesday, hitting $10.34. 674,510 shares of the company were exchanged, compared to its average volume of 797,663. The company has a market capitalization of $432.73 million, a P/E ratio of -1.59 and a beta of 1.61. The business's 50 day moving average is $9.33 and its 200 day moving average is $13.01. Wabash National Co. has a 52 week low of $6.78 and a 52 week high of $24.03. 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 posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.32). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. The firm had revenue of $380.89 million during the quarter, compared to analysts' expectations of $414.55 million. During the same quarter in the previous year, the company posted $0.39 EPS. Wabash National's revenue for the quarter was down 26.1% on a year-over-year basis. Analysts predict that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently announced 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. This represents a $0.32 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Thursday, July 3rd. Wabash National's dividend payout ratio (DPR) is presently -20.65%.

Wabash National Company 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.