Two Sigma Advisers LP Has $1.60 Million Holdings in Wabash National Co. (NYSE:WNC)

Two Sigma Advisers LP reduced its position in Wabash National Co. (NYSE:WNC - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,100 shares of the company's stock after selling 57,500 shares during the period. Two Sigma Advisers LP owned about 0.21% of Wabash National worth $1,595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WNC. Quantinno Capital Management LP grew its stake in shares of Wabash National by 6.2% in the 4th quarter. Quantinno Capital Management LP now owns 15,420 shares of the company's stock valued at $264,000 after buying an additional 896 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Wabash National by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock valued at $3,600,000 after acquiring an additional 2,704 shares during the last quarter. BNP Paribas Financial Markets grew its position in Wabash National by 4.5% in the fourth quarter. BNP Paribas Financial Markets now owns 88,422 shares of the company's stock worth $1,515,000 after acquiring an additional 3,832 shares in the last quarter. EMC Capital Management increased its stake 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 purchasing an additional 3,864 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Wabash National by 9.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company's stock worth $1,006,000 after purchasing an additional 5,064 shares during the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their price objective 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 Stock Down 1.3%

Shares of WNC traded down $0.12 during trading hours on Wednesday, hitting $9.04. 84,129 shares of the company were exchanged, compared to its average volume of 796,587. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The company has a market cap of $378.55 million, a PE ratio of -1.39 and a beta of 1.57. The firm's 50 day moving average is $9.47 and its 200-day moving average is $13.32. Wabash National Co. has a 52 week low of $6.78 and a 52 week high of $24.03.

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 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 analyst estimates of $414.55 million. During the same quarter last year, the firm posted $0.39 earnings per share. The firm's revenue for the quarter was down 26.1% compared to the same quarter last year. On average, equities research analysts forecast that Wabash National Co. will post 0.94 EPS 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. 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 3.54%. Wabash National's payout ratio 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.