Two Sigma Advisers LP Sells 57,500 Shares of Wabash National Co. (NYSE:WNC)

Two Sigma Advisers LP lowered its position in Wabash National Co. (NYSE:WNC - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Wabash National by 22.5% in the 4th quarter. First Trust Advisors LP now owns 1,468,605 shares of the company's stock worth $25,157,000 after purchasing an additional 269,846 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Wabash National by 10.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,059,674 shares of the company's stock worth $18,152,000 after buying an additional 99,360 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Wabash National by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,386 shares of the company's stock worth $15,938,000 after buying an additional 49,771 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Wabash National by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 925,952 shares of the company's stock valued at $15,862,000 after buying an additional 69,514 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Wabash National by 28.6% in the 4th quarter. Clearbridge Investments LLC now owns 646,912 shares of the company's stock valued at $11,082,000 after buying an additional 143,899 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson reduced their price target on Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, February 24th.

Wabash National Stock Up 0.2%

NYSE:WNC traded up $0.02 on Wednesday, hitting $9.18. 517,051 shares of the company's stock were exchanged, compared to its average volume of 799,463. The firm has a 50-day moving average price of $9.47 and a 200-day moving average price of $13.32. Wabash National Co. has a 52 week low of $6.78 and a 52 week high of $24.03. 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 company has a market cap of $384.37 million, a P/E ratio of -1.41 and a beta of 1.57.

Wabash National (NYSE:WNC - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period in the prior year, the firm posted $0.39 EPS. Wabash National's revenue was down 26.1% compared to the same quarter last year. As a group, analysts expect that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, July 3rd. Wabash National's dividend payout ratio (DPR) is currently -20.65%.

Wabash National 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.