Clearbridge Investments LLC Increases Stake in Wabash National Co. (NYSE:WNC)

Clearbridge Investments LLC grew its position in Wabash National Co. (NYSE:WNC) by 28.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 646,912 shares of the company’s stock after buying an additional 143,899 shares during the period. Clearbridge Investments LLC’s holdings in Wabash National were worth $11,082,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Wabash National in the 4th quarter worth approximately $4,341,000. Pacific Ridge Capital Partners LLC increased its holdings in shares of Wabash National by 9.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company’s stock worth $1,006,000 after purchasing an additional 5,064 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Wabash National by 163.9% in the fourth quarter. JPMorgan Chase & Co. now owns 256,471 shares of the company’s stock worth $4,393,000 after purchasing an additional 159,278 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Wabash National by 26.6% during the fourth quarter. LPL Financial LLC now owns 24,688 shares of the company’s stock valued at $423,000 after purchasing an additional 5,191 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Wabash National during the fourth quarter valued at $670,000. Institutional investors own 97.05% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson decreased their target price on Wabash National from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th.

Wabash National Trading Up 1.9 %

Shares of WNC stock opened at $11.24 on Thursday. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. Wabash National Co. has a 12-month low of $10.34 and a 12-month high of $29.59. The stock has a market capitalization of $477.14 million, a P/E ratio of -1.72 and a beta of 1.64. The firm’s 50 day moving average is $12.51 and its 200 day moving average is $16.27.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same period in the prior year, the business posted $1.07 earnings per share. Research analysts expect that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, April 3rd. Wabash National’s payout ratio is -4.91%.

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.