Allspring Global Investments Holdings LLC Sells 77,340 Shares of Wabash National Co. (NYSE:WNC)

Allspring Global Investments Holdings LLC cut its position in Wabash National Co. (NYSE:WNC - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,812 shares of the company's stock after selling 77,340 shares during the period. Allspring Global Investments Holdings LLC owned 0.31% of Wabash National worth $3,659,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Wabash National during the 1st quarter valued at $26,000. Quarry LP increased its holdings in shares of Wabash National by 451.5% in the first quarter. Quarry LP now owns 2,002 shares of the company's stock valued at $49,000 after purchasing an additional 1,639 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Wabash National by 123.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company's stock worth $59,000 after buying an additional 2,108 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Wabash National by 62.4% during the first quarter. Captrust Financial Advisors now owns 4,470 shares of the company's stock valued at $66,000 after acquiring an additional 1,717 shares during the period. Finally, Metropolitan Life Insurance Co NY raised its holdings in Wabash National by 21.7% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,998 shares of the company's stock worth $68,000 after purchasing an additional 535 shares during the last quarter. Institutional investors own 97.05% of the company's stock.


Wabash National Trading Up 1.3 %

Shares of Wabash National stock traded up $0.33 during trading on Friday, reaching $25.36. 725,023 shares of the company were exchanged, compared to its average volume of 431,289. Wabash National Co. has a twelve month low of $20.09 and a twelve month high of $30.07. The business has a 50-day moving average price of $27.40 and a 200-day moving average price of $24.84. The company has a quick ratio of 1.17, a current ratio of 1.93 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 5.27 and a beta of 1.58.

Wabash National (NYSE:WNC - Get Free Report) last announced 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 company had revenue of $596.10 million during the quarter, compared to analysts' expectations of $633.68 million. During the same period in the prior year, the business posted $0.84 EPS. Wabash National's revenue was down 9.3% on a year-over-year basis. Sell-side analysts anticipate that Wabash National Co. will post 2.19 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, April 3rd. Wabash National's dividend payout ratio (DPR) is 6.65%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Wabash National from a "hold" rating to a "buy" rating in a research note on Thursday.

View Our Latest Stock Report on WNC

Insider Buying and Selling

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

Wabash National Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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