Raymond James & Associates Decreases Stock Holdings in Wabash National Co. (NYSE:WNC)

Raymond James & Associates lessened its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 40.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,313 shares of the company's stock after selling 63,168 shares during the period. Raymond James & Associates owned approximately 0.20% of Wabash National worth $2,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of Wabash National by 6.3% in the 1st quarter. Citigroup Inc. now owns 44,274 shares of the company's stock worth $657,000 after buying an additional 2,628 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of 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 purchasing an additional 9,533 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of 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 purchasing an additional 4,808 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of Wabash National in the 1st quarter valued at $403,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Wabash National by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,243,065 shares of the company's stock valued at $48,128,000 after purchasing an additional 33,506 shares in the last quarter. Institutional investors own 97.05% of the company's stock.

Insider Buying and Selling at Wabash National

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction 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 sale, the director now owns 114,146 shares of the company's stock, valued at approximately $3,024,869. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Larry J. Magee sold 3,086 shares of the firm'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 directly owns 114,146 shares of the company's stock, valued at approximately $3,024,869. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm'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 completion of the sale, the director now directly owns 6,386 shares of the company's stock, valued at $172,805.16. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.

Wabash National Trading Up 0.7 %

Shares of Wabash National stock traded up $0.18 during trading on Tuesday, reaching $26.68. The company's stock had a trading volume of 500,252 shares, compared to its average volume of 601,923. Wabash National Co. has a 52-week low of $20.09 and a 52-week high of $30.07. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 5.55 and a beta of 1.58. The firm's 50-day moving average is $27.41 and its two-hundred day moving average is $24.77. 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 announced its quarterly earnings results on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.18. The business had revenue of $596.10 million during the quarter, compared to analysts' expectations of $633.68 million. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. On average, sell-side analysts anticipate that Wabash National Co. will post 2.19 earnings per share for the current year.

Wabash National Announces Dividend

The company 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 dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.32 annualized dividend and a yield of 1.20%. Wabash National's payout ratio is currently 6.65%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Wabash National from a "buy" rating to a "hold" rating in a research note on Wednesday, April 10th.

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.