Clearbridge Investments LLC Raises Stock Position in Wabash National Co. (NYSE:WNC)

Clearbridge Investments LLC boosted its position in Wabash National Co. (NYSE:WNC) by 28.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 646,912 shares of the company’s stock after purchasing an additional 143,899 shares during the quarter. Clearbridge Investments LLC owned about 1.49% of Wabash National worth $11,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Inspire Investing LLC raised its position in shares of Wabash National by 8.7% in the fourth quarter. Inspire Investing LLC now owns 23,313 shares of the company’s stock worth $399,000 after buying an additional 1,860 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Wabash National by 18.1% in the 3rd quarter. Quantinno Capital Management LP now owns 14,524 shares of the company’s stock valued at $279,000 after acquiring an additional 2,227 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Wabash National by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 210,137 shares of the company’s stock valued at $3,600,000 after acquiring an additional 2,704 shares during the last quarter. EMC Capital Management grew its holdings in shares of Wabash National by 88.1% during the fourth quarter. EMC Capital Management now owns 8,250 shares of the company’s stock worth $141,000 after purchasing an additional 3,864 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Wabash National by 6.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company’s stock worth $1,220,000 after purchasing an additional 4,064 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their target price on shares of Wabash National from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th.

Wabash National Stock Up 1.9 %

WNC opened at $11.24 on Thursday. The company has a market cap of $477.14 million, a P/E ratio of -1.72 and a beta of 1.64. Wabash National Co. has a 12 month low of $10.34 and a 12 month high of $29.59. The business’s 50-day moving average price is $12.51 and its 200-day moving average price is $16.27. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same period in the previous year, the business posted $1.07 EPS. On average, equities analysts expect that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National’s dividend payout ratio (DPR) is -4.91%.

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.