MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Wabash National Co. (NYSE:WNC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Wabash National Co. (NYSE:WNC - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 930,386 shares of the company's stock after acquiring an additional 49,771 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 2.15% of Wabash National worth $15,938,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WNC. Inspire Investing LLC increased its stake in Wabash National by 8.7% in the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock valued at $399,000 after purchasing an additional 1,860 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of 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 buying an additional 2,704 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Wabash National by 4.5% in the fourth quarter. BNP Paribas Financial Markets now owns 88,422 shares of the company's stock valued at $1,515,000 after buying an additional 3,832 shares in the last quarter. EMC Capital Management raised 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 buying an additional 3,864 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Wabash National by 6.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company's stock worth $1,220,000 after buying an additional 4,064 shares in the last quarter. Hedge funds and other institutional investors own 97.05% of the company's stock.

Analysts Set New Price Targets

Separately, DA Davidson dropped their target price 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 Price Performance

Shares of WNC traded down $0.36 during mid-day trading on Wednesday, reaching $9.34. 125,867 shares of the company's stock were exchanged, compared to its average volume of 791,617. 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 52-week low of $6.78 and a 52-week high of $24.03. The company has a market cap of $390.86 million, a price-to-earnings ratio of -1.44 and a beta of 1.57. The company has a 50-day simple moving average of $9.98 and a two-hundred day simple moving average of $14.04.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $414.55 million. During the same period in the previous year, the business posted $0.39 EPS. The business's quarterly revenue was down 26.1% on a year-over-year basis. On average, sell-side analysts predict that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, July 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.43%. Wabash National's dividend payout ratio (DPR) is presently -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.