Raymond James & Associates Sells 63,168 Shares of Wabash National Co. (NYSE:WNC)

Raymond James & Associates cut its holdings in shares of Wabash National Co. (NYSE:WNC) by 40.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 91,313 shares of the company’s stock after selling 63,168 shares during the period. Raymond James & Associates’ holdings in Wabash National were worth $2,339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Wabash National by 5.0% during the 2nd quarter. BlackRock Inc. now owns 8,025,930 shares of the company’s stock worth $205,785,000 after buying an additional 384,442 shares in the last quarter. Vanguard Group Inc. lifted its position in Wabash National by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,474,779 shares of the company’s stock worth $100,748,000 after buying an additional 50,493 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Wabash National by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,243,065 shares of the company’s stock worth $48,128,000 after buying an additional 33,506 shares in the last quarter. State Street Corp increased its stake in shares of Wabash National by 2.4% during the 1st quarter. State Street Corp now owns 1,770,585 shares of the company’s stock worth $26,275,000 after purchasing an additional 40,901 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Wabash National by 144.4% during the 4th quarter. Millennium Management LLC now owns 1,206,262 shares of the company’s stock worth $27,262,000 after purchasing an additional 712,620 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Stock Down 0.9 %

Shares of WNC opened at $26.50 on Tuesday. Wabash National Co. has a 52 week low of $20.09 and a 52 week high of $30.07. The firm has a market cap of $1.20 billion, a P/E ratio of 5.51 and a beta of 1.58. The firm’s 50-day simple moving average is $27.41 and its 200 day simple moving average is $24.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.17 and a current ratio of 1.93.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The business had revenue of $596.10 million for the quarter, compared to analyst estimates of $633.68 million. During the same quarter in the prior year, the business earned $0.84 EPS. Wabash National’s quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts forecast that Wabash National Co. will post 2.19 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.21%. Wabash National’s payout ratio is presently 6.65%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th.

Insiders Place Their Bets

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now owns 114,146 shares in the company, valued at approximately $3,024,869. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now owns 114,146 shares in the company, valued at $3,024,869. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

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.