Northern Trust Corp Has $8.52 Million Holdings in Wabash National Co. (NYSE:WNC)

Northern Trust Corp grew its holdings in Wabash National Co. (NYSE:WNC - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 497,552 shares of the company's stock after purchasing an additional 38,928 shares during the quarter. Northern Trust Corp owned 1.15% of Wabash National worth $8,523,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in WNC. Barclays PLC raised its holdings in Wabash National by 121.4% during the third quarter. Barclays PLC now owns 163,251 shares of the company's stock worth $3,132,000 after purchasing an additional 89,522 shares in the last quarter. Inspire Investing LLC raised its position in Wabash National by 8.7% in the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock valued at $399,000 after purchasing an additional 1,860 shares during the last quarter. Exchange Traded Concepts LLC raised its position in 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 buying an additional 4,064 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Wabash National during the 4th quarter worth $25,688,000. Finally, EMC Capital Management raised its position in Wabash National by 88.1% during 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 last quarter. Hedge funds and other institutional investors own 97.05% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson lowered their price target on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th.

Wabash National Trading Down 2.0%

Shares of Wabash National stock traded down $0.18 during mid-day trading on Friday, hitting $8.66. 393,243 shares of the stock were exchanged, compared to its average volume of 796,260. Wabash National Co. has a twelve month low of $6.78 and a twelve month high of $24.03. The stock has a market capitalization of $362.64 million, a price-to-earnings ratio of -1.33 and a beta of 1.57. The company has a 50-day simple moving average of $9.83 and a 200 day simple moving average of $13.84. 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 announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.32). The company had revenue of $380.89 million for the quarter, compared to analysts' expectations of $414.55 million. Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The company's revenue was down 26.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. Research analysts forecast that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a $0.08 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $0.32 annualized dividend and a yield of 3.69%. Wabash National's payout ratio is -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.