LSV Asset Management Sells 41,700 Shares of Wabash National Co. (NYSE:WNC)

LSV Asset Management lessened its holdings in shares of Wabash National Co. (NYSE:WNC - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,067,039 shares of the company's stock after selling 41,700 shares during the quarter. LSV Asset Management owned approximately 2.32% of Wabash National worth $27,338,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WNC. SummerHaven Investment Management LLC boosted its holdings in Wabash National by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 30,225 shares of the company's stock worth $774,000 after purchasing an additional 404 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Wabash National by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 31,423 shares of the company's stock valued at $805,000 after acquiring an additional 447 shares in the last quarter. Swiss National Bank lifted its holdings in Wabash National by 0.8% in the 3rd quarter. Swiss National Bank now owns 104,300 shares of the company's stock worth $2,203,000 after purchasing an additional 800 shares during the last quarter. Range Financial Group LLC boosted its position in Wabash National by 3.8% during the fourth quarter. Range Financial Group LLC now owns 24,700 shares of the company's stock worth $633,000 after purchasing an additional 911 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in Wabash National by 2.5% during the third quarter. Los Angeles Capital Management LLC now owns 55,537 shares of the company's stock valued at $1,173,000 after purchasing an additional 1,370 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Stock Performance

Shares of Wabash National stock traded down $0.25 during midday trading on Monday, hitting $23.09. The company had a trading volume of 368,346 shares, compared to its average volume of 607,933. Wabash National Co. has a 1-year low of $20.09 and a 1-year high of $30.07. The business's 50 day simple moving average is $26.92 and its two-hundred day simple moving average is $25.04. The stock has a market cap of $1.04 billion, a PE ratio of 5.55 and a beta of 1.62. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.11.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). The company had revenue of $515.28 million for the quarter. Wabash National had a return on equity of 37.84% and a net margin of 8.15%. As a group, equities analysts predict that Wabash National Co. will post 2.21 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, April 3rd. Wabash National's payout ratio is presently 7.69%.

Insider Activity

In related news, Director Larry J. Magee sold 3,086 shares of the firm's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the transaction, the director now directly owns 114,146 shares of the company's stock, valued at $3,024,869. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company's stock in a transaction that occurred on 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 directly owns 6,386 shares in the company, valued at approximately $172,805.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Larry J. Magee sold 3,086 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following 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. 1.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Wabash National from a "buy" rating to a "hold" rating in a research report on Friday, April 26th.

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.