Kennedy Capital Management LLC Sells 136,042 Shares of Wabash National Co. (NYSE:WNC)

Kennedy Capital Management LLC cut its position in shares of Wabash National Co. (NYSE:WNC) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,189 shares of the company’s stock after selling 136,042 shares during the period. Kennedy Capital Management LLC owned about 0.51% of Wabash National worth $3,789,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WNC. EMC Capital Management boosted its stake in 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 buying an additional 3,864 shares in the last quarter. AlphaQuest LLC boosted its position 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 valued at $171,000 after acquiring an additional 9,962 shares in the last quarter. HighTower Advisors LLC bought a new stake in Wabash National in the third quarter valued at about $192,000. Entropy Technologies LP acquired a new position in Wabash National in the fourth quarter worth about $219,000. Finally, FMR LLC lifted its stake in Wabash National by 84.1% during the third quarter. FMR LLC now owns 13,362 shares of the company’s stock worth $256,000 after purchasing an additional 6,105 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Performance

Wabash National stock opened at $9.79 on Friday. Wabash National Co. has a 52-week low of $9.22 and a 52-week high of $27.15. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. The stock has a fifty day moving average price of $11.51 and a two-hundred day moving average price of $15.71. The firm has a market capitalization of $414.16 million, a P/E ratio of -1.50 and a beta of 1.49.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned $1.07 EPS. As a group, analysts anticipate that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 3.27%. Wabash National’s dividend payout ratio (DPR) is presently -4.91%.

Analyst Ratings Changes

Separately, DA Davidson lowered their price objective on Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th.

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.