B. Riley Wealth Advisors Inc. Has $2.17 Million Stock Position in Wabash National Co. (NYSE:WNC)

B. Riley Wealth Advisors Inc. increased its stake in Wabash National Co. (NYSE:WNC) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,807 shares of the company’s stock after purchasing an additional 9,294 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Wabash National were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of WNC. Pacer Advisors Inc. purchased a new stake in shares of Wabash National in the fourth quarter valued at $35,491,000. Charles Schwab Investment Management Inc. boosted its position in Wabash National by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,365 shares of the company’s stock worth $20,428,000 after acquiring an additional 6,682 shares during the period. AQR Capital Management LLC grew its stake in Wabash National by 12.7% during the 3rd quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock valued at $11,559,000 after acquiring an additional 61,887 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Wabash National by 383.5% in the 4th quarter. Clearbridge Investments LLC now owns 513,784 shares of the company’s stock valued at $13,163,000 after purchasing an additional 407,518 shares during the period. Finally, Meros Investment Management LP lifted its position in shares of Wabash National by 8.6% in the third quarter. Meros Investment Management LP now owns 433,707 shares of the company’s stock worth $9,160,000 after purchasing an additional 34,240 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. DA Davidson dropped their price target on shares of Wabash National from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th.

Wabash National Trading Up 0.5 %

NYSE:WNC opened at $21.37 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.11 and a current ratio of 1.87. The company has a market capitalization of $962.08 million, a P/E ratio of 5.14 and a beta of 1.60. The stock’s 50 day moving average price is $23.12 and its 200 day moving average price is $25.20. Wabash National Co. has a 52 week low of $20.09 and a 52 week high of $30.07.

Wabash National (NYSE:WNC) last announced 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 return on equity of 37.84% and a net margin of 8.15%. The business had revenue of $515.28 million for the quarter. On average, research analysts forecast that Wabash National Co. will post 2.18 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.50%. Wabash National’s dividend payout ratio is currently 7.69%.

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.