165,025 Shares in Wabash National Co. (NYSE:WNC) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Wabash National Co. (NYSE:WNC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 165,025 shares of the company's stock, valued at approximately $2,827,000. Raymond James Financial Inc. owned 0.38% of Wabash National at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN boosted its position in Wabash National by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock worth $477,000 after acquiring an additional 5,112 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Wabash National by 16.5% during the fourth quarter. Alliancebernstein L.P. now owns 153,011 shares of the company's stock worth $2,621,000 after purchasing an additional 21,640 shares during the last quarter. Clearbridge Investments LLC grew its position in Wabash National by 28.6% in the fourth quarter. Clearbridge Investments LLC now owns 646,912 shares of the company's stock valued at $11,082,000 after purchasing an additional 143,899 shares in the last quarter. Norges Bank bought a new position in Wabash National in the fourth quarter valued at $4,341,000. Finally, Pacific Ridge Capital Partners LLC lifted its position in Wabash National by 9.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company's stock worth $1,006,000 after buying an additional 5,064 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their price objective on Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th.

Wabash National Stock Up 9.2 %

Shares of NYSE:WNC traded up $0.64 during trading on Thursday, hitting $7.55. 2,657,666 shares of the company were exchanged, compared to its average volume of 774,398. Wabash National Co. has a fifty-two week low of $6.78 and a fifty-two week high of $24.03. The stock has a market cap of $319.06 million, a price-to-earnings ratio of -1.16 and a beta of 1.49. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The firm has a fifty day moving average price of $10.67 and a two-hundred day moving average price of $14.94.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.32). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The firm had revenue of $380.89 million for the quarter, compared to analyst estimates of $414.55 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm's revenue for the quarter was down 26.1% on a year-over-year basis. As a group, research analysts anticipate that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.32 annualized dividend and a dividend yield of 4.24%. Wabash National's dividend payout ratio is currently -4.91%.

Wabash National Company 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.