Los Angeles Capital Management LLC Cuts Stake in Wabash National Co. (NYSE:WNC)

Los Angeles Capital Management LLC lowered its holdings in shares of Wabash National Co. (NYSE:WNC) by 50.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,676 shares of the company’s stock after selling 26,429 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Wabash National were worth $769,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in shares of Wabash National during the fourth quarter worth about $36,000. Quadrant Capital Group LLC lifted its stake in shares of Wabash National by 61.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after purchasing an additional 565 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Wabash National by 124.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,365 shares of the company’s stock valued at $200,000 after purchasing an additional 5,192 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of Wabash National in the 4th quarter valued at approximately $207,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Wabash National in the 4th quarter valued at approximately $237,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WNC. StockNews.com lowered Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. DA Davidson reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Wabash National in a research note on Monday.

Wabash National Trading Up 2.9 %

Shares of NYSE WNC opened at $21.60 on Tuesday. 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 business’s 50 day moving average price is $22.67 and its 200-day moving average price is $25.13. Wabash National Co. has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The company has a market cap of $972.43 million, a price-to-earnings ratio of 5.19 and a beta of 1.60.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share 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 during the quarter. On average, sell-side analysts expect that Wabash National Co. will post 2.17 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.32 annualized dividend and a yield of 1.48%. Wabash National’s payout ratio is currently 7.69%.

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.