Wabash National Co. (NYSE:WNC) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wabash National Co. (NYSE:WNC) by 33.1% in the fourth quarter, HoldingsChannel reports. The fund owned 12,797 shares of the company’s stock after purchasing an additional 3,182 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wabash National were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its stake in shares of Wabash National by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 31,423 shares of the company’s stock worth $805,000 after buying an additional 447 shares during the period. Swiss National Bank raised its stake in shares of Wabash National by 0.8% during the 3rd quarter. Swiss National Bank now owns 104,300 shares of the company’s stock worth $2,203,000 after buying an additional 800 shares during the period. Range Financial Group LLC raised its stake in shares of Wabash National by 3.8% during the 4th quarter. Range Financial Group LLC now owns 24,700 shares of the company’s stock worth $633,000 after buying an additional 911 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Wabash National by 2.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 55,537 shares of the company’s stock worth $1,173,000 after buying an additional 1,370 shares during the period. Finally, Watershed Asset Management L.L.C. increased its position in shares of Wabash National by 19.9% during the third quarter. Watershed Asset Management L.L.C. now owns 12,372 shares of the company’s stock worth $261,000 after purchasing an additional 2,056 shares in the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Stock Up 2.0 %

Shares of WNC opened at $23.34 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.11 and a current ratio of 1.87. Wabash National Co. has a one year low of $20.09 and a one year high of $30.07. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 5.61 and a beta of 1.62. The stock has a 50 day moving average price of $27.00 and a 200 day moving average price of $25.00.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The company had revenue of $515.28 million during the quarter. Equities research analysts forecast that Wabash National Co. will post 2.21 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.37%. Wabash National’s dividend payout ratio is presently 7.69%.

Analyst Ratings Changes

Separately, StockNews.com cut Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Insider Activity

In related news, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the completion of the sale, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’s 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 completion of the sale, the director now owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now directly owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The disclosure for this sale can be found here. Corporate insiders own 1.78% 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.