Wabash National Co. (NYSE:WNC) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 36.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Wabash National by 121.4% in 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Wabash National during the 4th quarter worth approximately $2,827,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Wabash National in the fourth quarter valued at approximately $644,000. Norges Bank acquired a new stake in shares of Wabash National in the fourth quarter valued at approximately $4,341,000. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 69,514 shares in the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson reduced their target price 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 Up 0.8%

Shares of NYSE WNC traded up $0.07 during mid-day trading on Friday, reaching $8.69. 268,392 shares of the company's stock were exchanged, compared to its average volume of 794,779. The company's 50-day moving average is $9.62 and its 200-day moving average is $13.58. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. Wabash National Co. has a 52-week low of $6.78 and a 52-week high of $24.03. The firm has a market capitalization of $363.85 million, a price-to-earnings ratio of -1.34 and a beta of 1.57.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly 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). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The business had revenue of $380.89 million for the quarter, compared to analysts' expectations of $414.55 million. During the same period last year, the firm earned $0.39 earnings per share. The firm's quarterly revenue was down 26.1% on a year-over-year basis. Analysts expect that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend 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.