Olstein Capital Management L.P. Sells 10,000 Shares of Wabash National Co. (NYSE:WNC)

Olstein Capital Management L.P. cut its holdings in shares of Wabash National Co. (NYSE:WNC) by 20.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,000 shares of the company’s stock after selling 10,000 shares during the period. Olstein Capital Management L.P. owned 0.08% of Wabash National worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of WNC. Gladius Capital Management LP bought a new stake in shares of Wabash National during the 4th quarter valued at $36,000. Quadrant Capital Group LLC lifted its stake in Wabash National by 61.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after buying an additional 565 shares during the period. Tradewinds Capital Management LLC bought a new position in Wabash National during the first quarter worth about $48,000. Mutual of America Capital Management LLC acquired a new position in shares of Wabash National during the 4th quarter worth about $207,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Wabash National in the 4th quarter valued at about $237,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Up 0.4 %

WNC stock traded up $0.08 during mid-day trading on Wednesday, hitting $21.84. 527,615 shares of the company were exchanged, compared to its average volume of 608,134. 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 1-year low of $20.09 and a 1-year high of $30.07. The firm’s 50 day simple moving average is $22.15 and its 200 day simple moving average is $24.94. The firm has a market cap of $983.30 million, a P/E ratio of 5.25 and a beta of 1.56.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The company had revenue of $515.28 million for the quarter. Wabash National had a return on equity of 37.84% and a net margin of 8.15%. On average, sell-side analysts predict that Wabash National Co. will post 2.17 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.47%. Wabash National’s dividend payout ratio is currently 7.69%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WNC. DA Davidson restated a “neutral” rating and set a $23.00 price objective on shares of Wabash National in a report on Monday, June 24th. StockNews.com cut shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

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.