Squarepoint Ops LLC Sells 125,651 Shares of Wabash National Co. (NYSE:WNC)

Squarepoint Ops LLC reduced its holdings in Wabash National Co. (NYSE:WNC - Free Report) by 36.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 219,258 shares of the company's stock after selling 125,651 shares during the quarter. Squarepoint Ops LLC owned approximately 0.51% of Wabash National worth $3,756,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC boosted its position in shares of 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 buying an additional 89,522 shares during the period. Raymond James Financial Inc. bought a new position in shares of Wabash National in the fourth quarter worth $2,827,000. Oppenheimer & Co. Inc. acquired a new position in shares of Wabash National during the fourth quarter valued at $644,000. Norges Bank bought a new stake in shares of Wabash National during the fourth quarter valued at about $4,341,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Wabash National by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 925,952 shares of the company's stock valued at $15,862,000 after acquiring an additional 69,514 shares in the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Price Performance

Wabash National stock traded up $0.06 during mid-day trading on Friday, hitting $8.68. The company's stock had a trading volume of 819,472 shares, compared to its average volume of 800,161. Wabash National Co. has a twelve month low of $6.78 and a twelve month high of $24.03. The stock's fifty day moving average price is $9.57 and its two-hundred day moving average price is $13.46. The stock has a market capitalization of $363.43 million, a P/E ratio of -1.33 and a beta of 1.57. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.32). The company had revenue of $380.89 million for the quarter, compared to analyst estimates of $414.55 million. Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The firm's revenue for the quarter was down 26.1% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. Research analysts forecast that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 3.69%. Wabash National's payout ratio is presently -20.65%.

Analysts Set New Price Targets

Separately, DA Davidson cut their price target on shares of 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 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.