Wabash National Co. (NYSE:WNC) Position Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its stake in Wabash National Co. (NYSE:WNC - Free Report) by 61.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. EMC Capital Management grew its stake in Wabash National by 88.1% during the fourth quarter. EMC Capital Management now owns 8,250 shares of the company's stock worth $141,000 after buying an additional 3,864 shares during the period. AlphaQuest LLC lifted its position in shares of Wabash National by 332,066.7% during the fourth quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock worth $171,000 after purchasing an additional 9,962 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Wabash National during the fourth quarter worth $219,000. Canada Pension Plan Investment Board acquired a new position in shares of Wabash National during the fourth quarter worth $266,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Wabash National by 82.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,357 shares of the company's stock worth $297,000 after purchasing an additional 7,843 shares in the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 report on Monday, February 24th.

Wabash National Stock Down 2.0%

WNC traded down $0.18 during trading on Friday, hitting $8.66. The company had a trading volume of 393,243 shares, compared to its average volume of 796,260. The company has a market cap of $362.64 million, a PE ratio of -1.33 and a beta of 1.57. The business has a 50-day moving average of $9.83 and a 200-day moving average of $13.84. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. Wabash National Co. has a 1-year low of $6.78 and a 1-year high of $24.03.

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 (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.32). The company had revenue of $380.89 million during the quarter, compared to analyst estimates of $414.55 million. Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. The company's revenue was down 26.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. As a group, analysts forecast that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

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