Wells Fargo & Company MN Has $477,000 Position in Wabash National Co. (NYSE:WNC)

Wells Fargo & Company MN lifted its stake in shares of Wabash National Co. (NYSE:WNC) by 22.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 27,839 shares of the company’s stock after buying an additional 5,112 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Wabash National worth $477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WNC. EMC Capital Management boosted 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 acquiring an additional 3,864 shares during the period. AlphaQuest LLC boosted its stake in Wabash National by 332,066.7% in the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company’s stock valued at $171,000 after purchasing an additional 9,962 shares during the period. Entropy Technologies LP acquired a new position in Wabash National in the 4th quarter valued at $219,000. Amundi increased its position in Wabash National by 182.8% during the 4th quarter. Amundi now owns 21,263 shares of the company’s stock worth $358,000 after buying an additional 13,745 shares during the period. Finally, Inspire Investing LLC increased its position in Wabash National by 8.7% during the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company’s stock worth $399,000 after buying an additional 1,860 shares during the period. Institutional investors own 97.05% of the company’s stock.

Wabash National Stock Performance

Wabash National stock opened at $8.20 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The stock has a market cap of $346.75 million, a PE ratio of -1.26 and a beta of 1.49. Wabash National Co. has a 12-month low of $6.78 and a 12-month high of $24.03. The business’s 50-day moving average price is $10.53 and its two-hundred day moving average price is $14.77.

Wabash National (NYSE:WNC) last posted 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 firm had revenue of $380.89 million during the quarter, compared to the consensus estimate of $414.55 million. Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. Wabash National’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. As a group, analysts expect that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 3rd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.90%. Wabash National’s payout ratio is presently -4.91%.

Wall Street Analyst Weigh In

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

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.