Wabash National Co. (NYSE:WNC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in shares of Wabash National Co. (NYSE:WNC) by 35.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,812 shares of the company’s stock after selling 77,340 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Wabash National were worth $3,659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new position in Wabash National in the 3rd quarter worth $1,595,000. AQR Capital Management LLC increased its position in shares of Wabash National by 12.7% during the third quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock worth $11,559,000 after acquiring an additional 61,887 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Wabash National by 99.0% in the third quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock worth $5,582,000 after acquiring an additional 131,512 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Wabash National by 143.4% in the third quarter. Quantbot Technologies LP now owns 38,185 shares of the company’s stock valued at $806,000 after purchasing an additional 22,495 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Wabash National by 9.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after purchasing an additional 49,443 shares in the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the sale, the director now directly owns 6,386 shares of the company’s stock, valued at $172,805.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the transaction, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry J. Magee sold 3,086 shares of the stock in a transaction that occurred 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 owns 114,146 shares in the company, valued at $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Wabash National from a “hold” rating to a “buy” rating in a research report on Thursday.

Wabash National Price Performance

WNC opened at $25.36 on Friday. The company has a market capitalization of $1.15 billion, a P/E ratio of 5.27 and a beta of 1.58. The company has a 50-day moving average of $27.40 and a 200-day moving average of $24.81. 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 Co. has a 1-year low of $20.09 and a 1-year high of $30.07.

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

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, April 3rd. Wabash National’s dividend payout ratio is currently 6.65%.

Wabash National 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.