Vanguard Group Inc. Cuts Holdings in Wabash National Co. (NYSE:WNC)

Vanguard Group Inc. lowered its holdings in shares of Wabash National Co. (NYSE:WNC - Free Report) by 1.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,781,869 shares of the company's stock after selling 108,799 shares during the period. Vanguard Group Inc. owned about 14.72% of Wabash National worth $143,233,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Wabash National by 5.0% during the 2nd quarter. BlackRock Inc. now owns 8,025,930 shares of the company's stock worth $205,785,000 after buying an additional 384,442 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Wabash National by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,243,065 shares of the company's stock worth $48,128,000 after purchasing an additional 33,506 shares in the last quarter. State Street Corp increased its holdings in Wabash National by 2.4% in the 1st quarter. State Street Corp now owns 1,770,585 shares of the company's stock worth $26,275,000 after purchasing an additional 40,901 shares in the last quarter. Millennium Management LLC increased its holdings in Wabash National by 144.4% in the 4th quarter. Millennium Management LLC now owns 1,206,262 shares of the company's stock worth $27,262,000 after purchasing an additional 712,620 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in Wabash National by 16.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,184,215 shares of the company's stock worth $30,363,000 after purchasing an additional 171,332 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company's stock.

Insider Buying and Selling at Wabash National

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the sale, the director now owns 6,386 shares in the company, valued at approximately $172,805.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the sale, the director now owns 6,386 shares in the company, valued at approximately $172,805.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry J. Magee sold 3,086 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now owns 114,146 shares in the company, valued at approximately $3,024,869. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company's stock.

Wabash National Trading Down 3.5 %

Shares of NYSE WNC traded down $1.00 during trading on Tuesday, reaching $27.98. The company had a trading volume of 479,355 shares, compared to its average volume of 628,652. The company's fifty day moving average price is $27.08 and its 200-day moving average price is $24.36. Wabash National Co. has a 12 month low of $20.09 and a 12 month high of $30.07. The stock has a market cap of $1.26 billion, a P/E ratio of 5.82 and a beta of 1.58. The company has a quick ratio of 1.17, a current ratio of 1.93 and a debt-to-equity ratio of 0.72.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.18. Wabash National had a return on equity of 46.87% and a net margin of 9.12%. The firm had revenue of $596.10 million for the quarter, compared to analyst estimates of $633.68 million. During the same quarter in the previous year, the company posted $0.84 EPS. The business's revenue was down 9.3% on a year-over-year basis. As a group, research analysts expect that Wabash National Co. will post 2.19 earnings per share for the current year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.14%. Wabash National's dividend payout ratio (DPR) is presently 6.65%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Wabash National from a "hold" rating to a "buy" rating in a report on Tuesday.

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.