Bank of America Corp DE Sells 125,802 Shares of Wabash National Co. (NYSE:WNC)

Bank of America Corp DE trimmed its stake in shares of Wabash National Co. (NYSE:WNC - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent 13F 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 quarter. 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).

Several other hedge funds also recently made changes to their positions in the company. EMC Capital Management raised its position in Wabash National by 88.1% during the 4th quarter. EMC Capital Management now owns 8,250 shares of the company's stock valued at $141,000 after purchasing an additional 3,864 shares during the last quarter. AlphaQuest LLC increased its stake 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 valued at $171,000 after purchasing an additional 9,962 shares in the last quarter. Entropy Technologies LP bought a new position in Wabash National during the 4th quarter valued at approximately $219,000. Canada Pension Plan Investment Board purchased a new position in shares of Wabash National in the 4th quarter worth about $266,000. Finally, Tower Research Capital LLC TRC raised its holdings in Wabash National by 82.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,357 shares of the company's stock worth $297,000 after buying an additional 7,843 shares during the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Stock Performance

Shares of WNC traded up $0.02 on Wednesday, reaching $9.18. The company's stock had a trading volume of 517,051 shares, compared to its average volume of 799,463. Wabash National Co. has a 12-month low of $6.78 and a 12-month high of $24.03. The stock has a market capitalization of $384.37 million, a P/E ratio of -1.41 and a beta of 1.57. 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 stock's 50 day simple moving average is $9.47 and its two-hundred day simple moving average is $13.32.

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 the consensus estimate of $414.55 million. During the same period last year, the business earned $0.39 EPS. The firm's quarterly revenue was down 26.1% compared to the same quarter last year. Research analysts forecast that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, July 3rd. Wabash National's dividend payout ratio (DPR) is -20.65%.

Wall Street Analyst Weigh In

Separately, DA Davidson reduced their price objective on 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.