Invesco Ltd. Sells 108,466 Shares of Wabash National Co. (NYSE:WNC)

Invesco Ltd. reduced its position in Wabash National Co. (NYSE:WNC - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 307,175 shares of the company's stock after selling 108,466 shares during the quarter. Invesco Ltd. owned about 0.71% of Wabash National worth $5,262,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in shares of Wabash National by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock worth $477,000 after purchasing an additional 5,112 shares during the period. Alliancebernstein L.P. boosted its stake in Wabash National by 16.5% during the 4th quarter. Alliancebernstein L.P. now owns 153,011 shares of the company's stock valued at $2,621,000 after purchasing an additional 21,640 shares during the period. Clearbridge Investments LLC lifted its holdings in Wabash National by 28.6% in the fourth quarter. Clearbridge Investments LLC now owns 646,912 shares of the company's stock worth $11,082,000 after purchasing an additional 143,899 shares during the period. Norges Bank bought a new stake in shares of Wabash National during the 4th quarter worth $4,341,000. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of Wabash National by 9.4% in the fourth 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 in the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson decreased their price objective on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th.

Wabash National Trading Up 12.7 %

Shares of NYSE:WNC traded up $0.88 during trading on Thursday, reaching $7.79. The stock had a trading volume of 829,236 shares, compared to its average volume of 767,467. The firm's fifty day moving average is $10.67 and its 200 day moving average is $14.94. 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 quick ratio of 1.09 and a current ratio of 1.93. The stock has a market cap of $329.20 million, a price-to-earnings ratio of -1.20 and a beta of 1.49.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.32). The firm 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 last year, the business posted $0.39 EPS. As a group, equities 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 was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.11%. Wabash National's dividend payout ratio (DPR) is -4.91%.

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.