LSV Asset Management Sells 131,872 Shares of Wabash National Co. (NYSE:WNC)

LSV Asset Management lowered its position in Wabash National Co. (NYSE:WNC - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,126,511 shares of the company's stock after selling 131,872 shares during the quarter. LSV Asset Management owned about 2.60% of Wabash National worth $19,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Wabash National by 1.0% in the third quarter. State Street Corp now owns 1,744,629 shares of the company's stock valued at $33,479,000 after purchasing an additional 16,826 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Wabash National during the 4th quarter valued at about $25,688,000. Charles Schwab Investment Management Inc. increased its position in shares of Wabash National by 8.1% during the fourth 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 period. Clearbridge Investments LLC increased its position in shares of Wabash National by 28.6% during the fourth 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 period. Finally, Sei Investments Co. lifted its holdings in shares of Wabash National by 3.7% in the fourth quarter. Sei Investments Co. now owns 279,850 shares of the company's stock worth $4,794,000 after buying an additional 10,055 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.

Wabash National Price Performance

NYSE:WNC traded up $0.30 during trading hours on Friday, hitting $10.21. 4,625,152 shares of the company's stock traded hands, compared to its average volume of 755,434. The business's fifty day simple moving average is $11.16 and its two-hundred day simple moving average is $15.47. Wabash National Co. has a 52 week low of $9.00 and a 52 week high of $26.41. The firm has a market cap of $431.54 million, a P/E ratio of -1.57 and a beta of 1.49. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10.

Wabash National (NYSE:WNC - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same period in the prior year, the company posted $1.07 EPS. On average, research analysts anticipate that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National's dividend payout ratio is presently -4.91%.

Analysts Set New Price Targets

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

About Wabash National

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.