Shell Asset Management Co. Sells 5,609 Shares of Wabash National Co. (NYSE:WNC)

Shell Asset Management Co. lessened its stake in Wabash National Co. (NYSE:WNCGet Rating) by 12.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,171 shares of the company’s stock after selling 5,609 shares during the period. Shell Asset Management Co. owned about 0.08% of Wabash National worth $566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WNC. Advisor Group Holdings Inc. grew its position in shares of Wabash National by 208.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,423 shares of the company’s stock valued at $49,000 after buying an additional 1,638 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Wabash National by 30,512.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 7,653 shares of the company’s stock valued at $114,000 after buying an additional 7,628 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Wabash National in the 4th quarter valued at about $242,000. GSA Capital Partners LLP bought a new stake in shares of Wabash National during the 4th quarter valued at about $485,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Wabash National during the 4th quarter valued at about $546,000. Institutional investors own 99.07% of the company’s stock.

Insider Transactions at Wabash National

In related news, CEO Brent L. Yeagy sold 7,986 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $17.83, for a total transaction of $142,390.38. Following the completion of the sale, the chief executive officer now directly owns 451,093 shares of the company’s stock, valued at $8,042,988.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Brent L. Yeagy sold 39,930 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $17.00, for a total transaction of $678,810.00. Following the completion of the sale, the chief executive officer now directly owns 459,079 shares of the company’s stock, valued at $7,804,343. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brent L. Yeagy sold 7,986 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $17.83, for a total value of $142,390.38. Following the sale, the chief executive officer now directly owns 451,093 shares of the company’s stock, valued at $8,042,988.19. The disclosure for this sale can be found here. Company insiders own 1.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WNC shares. Stephens upped their target price on Wabash National from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, July 28th. Raymond James restated a “maintains” rating on shares of Wabash National in a research report on Thursday, July 28th. Finally, StockNews.com upgraded Wabash National from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.00.

Wabash National Stock Down 3.6 %

WNC stock opened at $17.75 on Wednesday. The stock’s 50 day simple moving average is $15.06 and its 200 day simple moving average is $15.62. Wabash National Co. has a fifty-two week low of $12.23 and a fifty-two week high of $21.63. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.93 and a current ratio of 1.63. The company has a market cap of $861.76 million, a P/E ratio of 43.29 and a beta of 1.60.

Wabash National (NYSE:WNCGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $642.80 million during the quarter, compared to analysts’ expectations of $619.30 million. Wabash National had a return on equity of 14.17% and a net margin of 0.94%. The business’s revenue for the quarter was up 43.0% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. On average, research analysts expect that Wabash National Co. will post 1.89 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Stockholders of record on Thursday, July 7th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Wednesday, July 6th. Wabash National’s dividend payout ratio (DPR) is presently 78.05%.

About Wabash National

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Wabash National Corporation designs, manufactures, and distributes engineered 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 provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products.

See Also

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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