Wabash National Co. (NYSE:WNC) Stock Holdings Cut by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in shares of Wabash National Co. (NYSE:WNC - Free Report) by 92.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,315 shares of the company's stock after selling 156,522 shares during the quarter. Voya Investment Management LLC's holdings in Wabash National were worth $228,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. EMC Capital Management boosted its position in shares of Wabash National by 88.1% during the 4th quarter. EMC Capital Management now owns 8,250 shares of the company's stock valued at $141,000 after purchasing an additional 3,864 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Wabash National by 332,066.7% during the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock worth $171,000 after acquiring an additional 9,962 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Wabash National during the 4th quarter worth $219,000. Canada Pension Plan Investment Board bought a new stake in shares of Wabash National during the 4th quarter worth $266,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Wabash National by 82.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,357 shares of the company's stock worth $297,000 after acquiring an additional 7,843 shares in the last quarter. Institutional investors own 97.05% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson decreased their target price on shares of 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 Performance

Shares of WNC opened at $9.75 on Wednesday. Wabash National Co. has a one year low of $6.78 and a one year high of $24.03. The company has a 50-day moving average of $10.15 and a two-hundred day moving average of $14.32. The stock has a market cap of $408.23 million, a price-to-earnings ratio of -1.50 and a beta of 1.57. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09.

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

Wabash National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, April 3rd. Wabash National's dividend payout ratio (DPR) is presently -20.65%.

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.

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