Rhumbline Advisers Sells 68,329 Shares of Wabash National Corporation (NYSE:WNC)

Rhumbline Advisers cut its stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,987 shares of the company's stock after selling 68,329 shares during the period. Rhumbline Advisers owned about 0.16% of Wabash National worth $762,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of Wabash National by 255.9% during the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock valued at $26,000 after acquiring an additional 1,722 shares during the last quarter. AlphaQuest LLC grew its stake in Wabash National by 332,066.7% in the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock valued at $171,000 after purchasing an additional 9,962 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of Wabash National during the 4th quarter valued at $212,000. ProShare Advisors LLC purchased a new position in shares of Wabash National in the 4th quarter worth about $222,000. Finally, Quantinno Capital Management LP grew its position in Wabash National by 6.2% during the fourth quarter. Quantinno Capital Management LP now owns 15,420 shares of the company's stock valued at $264,000 after buying an additional 896 shares during the period. 97.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Wabash National Stock Performance

NYSE WNC traded up $0.26 on Tuesday, hitting $10.60. 597,005 shares of the stock traded hands, compared to its average volume of 790,758. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.58. The business's fifty day moving average is $9.41 and its two-hundred day moving average is $12.36. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $24.03. The firm has a market capitalization of $443.82 million, a price-to-earnings ratio of -6.84 and a beta of 1.61.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings results 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). Wabash National had a positive return on equity of 3.49% and a negative net margin of 3.93%. The firm had revenue of $380.89 million for the quarter, compared to the consensus estimate of $414.55 million. During the same quarter in the previous year, the company posted $0.39 EPS. The firm's revenue was down 26.1% compared to the same quarter last year. As a group, equities analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be paid a $0.08 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 3.02%. Wabash National's dividend 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.