The Manufacturers Life Insurance Company Sells 26,548 Shares of Wabash National Co. (NYSE:WNC)

The Manufacturers Life Insurance Company decreased its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 61.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,861 shares of the company's stock after selling 26,548 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Wabash National were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in WNC. Inspire Investing LLC lifted its stake in Wabash National by 8.7% during the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock valued at $399,000 after acquiring an additional 1,860 shares during the period. Principal Financial Group Inc. lifted its position in Wabash National by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock valued at $3,600,000 after purchasing an additional 2,704 shares during the period. EMC Capital Management boosted its holdings in Wabash National by 88.1% in the fourth quarter. EMC Capital Management now owns 8,250 shares of the company's stock worth $141,000 after purchasing an additional 3,864 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Wabash National by 6.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company's stock worth $1,220,000 after purchasing an additional 4,064 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its stake in Wabash National by 9.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company's stock valued at $1,006,000 after buying an additional 5,064 shares during the last quarter. Institutional investors own 97.05% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their price target on 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 Stock Performance

Shares of NYSE:WNC traded down $0.20 during trading on Thursday, hitting $8.84. The company's stock had a trading volume of 558,477 shares, compared to its average volume of 794,246. The company has a 50-day moving average of $9.93 and a 200-day moving average of $14.00. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. The firm has a market cap of $370.13 million, a price-to-earnings ratio of -1.36 and a beta of 1.57. Wabash National Co. has a 12 month low of $6.78 and a 12 month high of $24.03.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $414.55 million. During the same quarter last year, the company earned $0.39 earnings per share. The company's revenue for the quarter was down 26.1% on a year-over-year basis. On average, sell-side analysts expect that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

The business 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 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 dividend yield of 3.62%. 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.