40,600 Shares in Wabash National Co. (NYSE:WNC) Purchased by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in shares of Wabash National Co. (NYSE:WNC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,600 shares of the company's stock, valued at approximately $695,000. Marshall Wace LLP owned approximately 0.09% of Wabash National at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Wabash National in the 4th quarter valued at about $2,827,000. Wells Fargo & Company MN boosted its stake in Wabash National by 22.5% in the fourth quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock valued at $477,000 after acquiring an additional 5,112 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Wabash National by 16.5% in the fourth quarter. Alliancebernstein L.P. now owns 153,011 shares of the company's stock worth $2,621,000 after purchasing an additional 21,640 shares during the last quarter. 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 worth $11,082,000 after purchasing an additional 143,899 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Wabash National during the 4th quarter valued at $4,341,000. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their target price on 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 Stock Down 1.6 %

Shares of WNC traded down $0.13 during mid-day trading on Monday, hitting $8.06. 1,096,370 shares of the company traded hands, compared to its average volume of 783,015. The business has a 50 day moving average of $10.53 and a 200 day moving average of $14.74. The company has a market capitalization of $340.75 million, a PE ratio of -1.24 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 Co. has a 1-year low of $6.78 and a 1-year high of $24.03.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly 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). The company had revenue of $380.89 million during the quarter, compared to analysts' expectations of $414.55 million. Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The company's quarterly revenue was down 26.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. Equities research analysts anticipate that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The company 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. This represents a $0.32 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, April 3rd. Wabash National's payout ratio is -4.91%.

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.