Peregrine Capital Management LLC Trims Holdings in Wabash National Co. (NYSE:WNC)

Peregrine Capital Management LLC trimmed its stake in shares of Wabash National Co. (NYSE:WNC - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 774,226 shares of the company's stock after selling 186,751 shares during the period. Peregrine Capital Management LLC owned about 1.68% of Wabash National worth $19,836,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates increased its stake in Wabash National by 4.2% in the 1st quarter. Raymond James & Associates now owns 39,348 shares of the company's stock valued at $584,000 after buying an additional 1,595 shares during the last quarter. Citigroup Inc. increased its stake in Wabash National by 6.3% in the 1st quarter. Citigroup Inc. now owns 44,274 shares of the company's stock valued at $657,000 after buying an additional 2,628 shares during the last quarter. MetLife Investment Management LLC increased its stake in Wabash National by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 26,736 shares of the company's stock valued at $397,000 after buying an additional 9,533 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Wabash National by 12.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,203 shares of the company's stock valued at $626,000 after buying an additional 4,808 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new stake in Wabash National in the 1st quarter valued at $403,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Wabash National from a "hold" rating to a "buy" rating in a research report on Tuesday, April 2nd.

Wabash National Stock Performance

Shares of WNC traded down $0.64 during midday trading on Tuesday, reaching $28.52. The stock had a trading volume of 356,990 shares, compared to its average volume of 611,585. The firm has a 50 day simple moving average of $27.34 and a 200-day simple moving average of $24.54. Wabash National Co. has a one year low of $20.09 and a one year high of $30.07. The firm has a market cap of $1.29 billion, a PE ratio of 5.93 and a beta of 1.58. The company has a current ratio of 1.93, a quick ratio of 1.17 and a debt-to-equity ratio of 0.72.

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

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, April 3rd. Wabash National's payout ratio is 6.65%.

Insider Buying and Selling

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

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.