Kennedy Capital Management LLC Sells 31,919 Shares of Wabash National Co. (NYSE:WNC)

Kennedy Capital Management LLC lessened its holdings in Wabash National Co. (NYSE:WNC) by 9.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 323,844 shares of the company’s stock after selling 31,919 shares during the quarter. Kennedy Capital Management LLC’s holdings in Wabash National were worth $9,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Wabash National by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,656 shares of the company’s stock worth $1,008,000 after purchasing an additional 1,648 shares in the last quarter. Truvestments Capital LLC boosted its holdings in Wabash National by 42.7% in the first quarter. Truvestments Capital LLC now owns 23,488 shares of the company’s stock worth $703,000 after acquiring an additional 7,025 shares in the last quarter. EntryPoint Capital LLC grew its stake in shares of Wabash National by 240.8% in the first quarter. EntryPoint Capital LLC now owns 4,628 shares of the company’s stock worth $139,000 after acquiring an additional 3,270 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Wabash National by 5.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 39,677 shares of the company’s stock valued at $1,189,000 after acquiring an additional 2,063 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Wabash National by 2.2% during the first quarter. Clearbridge Investments LLC now owns 525,073 shares of the company’s stock valued at $15,721,000 after acquiring an additional 11,289 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Wabash National Stock Up 3.1 %

Shares of Wabash National stock traded up $0.65 on Tuesday, reaching $21.41. The company’s stock had a trading volume of 872,818 shares, compared to its average volume of 617,077. Wabash National Co. has a 52 week low of $20.00 and a 52 week high of $30.07. The firm’s fifty day simple moving average is $21.57 and its two-hundred day simple moving average is $24.47. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $942.04 million, a price-to-earnings ratio of 4.99 and a beta of 1.56.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $550.61 million during the quarter, compared to the consensus estimate of $594.77 million. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. Wabash National’s revenue for the quarter was down 19.8% on a year-over-year basis. During the same period last year, the company earned $1.54 EPS. Equities analysts anticipate that Wabash National Co. will post 1.53 earnings per share for the current year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Wednesday, July 3rd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.49%. Wabash National’s dividend payout ratio (DPR) is 7.69%.

Analysts Set New Price Targets

WNC has been the topic of several recent analyst reports. 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 reiterated a “neutral” rating and issued a $23.00 target price on shares of Wabash National in a research note on Monday, June 24th.

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.