Dimensional Fund Advisors LP Sells 11,608 Shares of Wabash National Co. (NYSE:WNC)

Dimensional Fund Advisors LP decreased its position in shares of Wabash National Co. (NYSE:WNC) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,838,806 shares of the company’s stock after selling 11,608 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.16% of Wabash National worth $72,731,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WNC. SummerHaven Investment Management LLC raised its stake in Wabash National by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 30,225 shares of the company’s stock worth $774,000 after buying an additional 404 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Wabash National by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 31,423 shares of the company’s stock worth $805,000 after acquiring an additional 447 shares in the last quarter. Swiss National Bank lifted its stake in shares of Wabash National by 0.8% during the 3rd quarter. Swiss National Bank now owns 104,300 shares of the company’s stock worth $2,203,000 after purchasing an additional 800 shares during the last quarter. Range Financial Group LLC boosted its position in Wabash National by 3.8% during the fourth quarter. Range Financial Group LLC now owns 24,700 shares of the company’s stock valued at $633,000 after purchasing an additional 911 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Wabash National by 2.5% in the third quarter. Los Angeles Capital Management LLC now owns 55,537 shares of the company’s stock valued at $1,173,000 after purchasing an additional 1,370 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Stock Performance

Shares of WNC opened at $22.31 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.00 billion, a PE ratio of 5.36 and a beta of 1.62. Wabash National Co. has a 12 month low of $20.09 and a 12 month high of $30.07. The stock has a fifty day moving average price of $25.64 and a 200-day moving average price of $25.20.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The business had revenue of $515.28 million during the quarter. Equities research analysts predict that Wabash National Co. will post 2.18 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, July 3rd. Wabash National’s dividend payout ratio is presently 7.69%.

Insider Buying and Selling at Wabash National

In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the sale, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have purchased 853 shares of company stock worth $11,134. 1.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

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.