Wabash National Co. (NYSE:WNC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 38.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,012 shares of the company's stock after selling 125,802 shares during the period. Bank of America Corp DE owned approximately 0.47% of Wabash National worth $3,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in WNC. Barclays PLC increased its holdings in shares of Wabash National by 121.4% during the 3rd 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 last quarter. EMC Capital Management increased its holdings in shares of Wabash National by 88.1% during the 4th 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 last quarter. Entropy Technologies LP acquired a new stake in shares of Wabash National during the 4th quarter worth approximately $219,000. Polaris Capital Management LLC increased its holdings in Wabash National by 28.3% in the 4th quarter. Polaris Capital Management LLC now owns 97,800 shares of the company's stock valued at $1,675,000 after purchasing an additional 21,600 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Wabash National by 1.3% in the 4th 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 last quarter. Institutional investors and hedge funds own 97.05% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson dropped their target price 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 Trading Down 1.5%

Wabash National stock traded down $0.13 during trading on Monday, hitting $8.54. The company had a trading volume of 679,716 shares, compared to its average volume of 799,669. Wabash National Co. has a 1-year low of $6.78 and a 1-year high of $24.03. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The company's 50 day simple moving average is $9.57 and its 200-day simple moving average is $13.42. The stock has a market cap of $357.57 million, a price-to-earnings ratio of -1.31 and a beta of 1.57.

Wabash National (NYSE:WNC - Get Free Report) last posted its 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 negative net margin of 14.59% and a positive return on equity of 14.72%. The company had revenue of $380.89 million during the quarter, compared to analyst estimates of $414.55 million. During the same quarter last year, the business posted $0.39 EPS. The firm's revenue for the quarter was down 26.1% on a year-over-year basis. As a group, analysts expect that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 3.75%. Wabash National's dividend payout ratio (DPR) 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.