Wabash National Co. (NYSE:WNC) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its stake in Wabash National Co. (NYSE:WNC - Free Report) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,552 shares of the company's stock after acquiring an additional 38,928 shares during the period. 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 hedge funds have also added to or reduced their stakes in the stock. Inspire Investing LLC increased its holdings in Wabash National by 8.7% during the fourth quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock valued at $399,000 after buying an additional 1,860 shares during the period. Principal Financial Group Inc. boosted its stake in Wabash National by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock valued at $3,600,000 after acquiring an additional 2,704 shares in the last quarter. EMC Capital Management boosted its stake in Wabash National by 88.1% in the fourth quarter. EMC Capital Management now owns 8,250 shares of the company's stock valued at $141,000 after acquiring an additional 3,864 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Wabash National by 6.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company's stock valued at $1,220,000 after acquiring an additional 4,064 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its stake in Wabash National by 9.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company's stock valued at $1,006,000 after acquiring an additional 5,064 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson lowered their price objective on shares of 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 Stock Performance

WNC traded down $0.18 on Friday, reaching $8.66. The stock had a trading volume of 393,243 shares, compared to its average volume of 794,475. Wabash National Co. has a 12-month low of $6.78 and a 12-month 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. The business's 50-day moving average price is $9.83 and its two-hundred day moving average price is $13.88. The company has a market cap of $362.64 million, a P/E ratio of -1.33 and a beta of 1.57.

Wabash National (NYSE:WNC - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.32). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The company had revenue of $380.89 million for the quarter, compared to analysts' expectations of $414.55 million. During the same period in the prior year, the firm earned $0.39 EPS. The firm's revenue for the quarter was down 26.1% on a year-over-year basis. Sell-side analysts forecast that Wabash National Co. 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. Stockholders of record on Thursday, July 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 3.69%. Wabash National's dividend payout ratio is currently -20.65%.

About Wabash National

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.