B. Metzler seel. Sohn & Co. AG Lowers Stock Position in Wabash National Co. (NYSE:WNC)

B. Metzler seel. Sohn & Co. AG trimmed its holdings in shares of Wabash National Co. (NYSE:WNC) by 23.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,424 shares of the company’s stock after selling 11,888 shares during the period. B. Metzler seel. Sohn & Co. AG owned about 0.09% of Wabash National worth $675,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WNC. State Street Corp raised its position in Wabash National by 1.0% in the third quarter. State Street Corp now owns 1,744,629 shares of the company’s stock worth $33,479,000 after acquiring an additional 16,826 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Wabash National during the fourth quarter worth about $25,688,000. Charles Schwab Investment Management Inc. grew its position in Wabash National by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 925,952 shares of the company’s stock worth $15,862,000 after buying an additional 69,514 shares during the period. Clearbridge Investments LLC increased its holdings in Wabash National by 28.6% in the fourth quarter. Clearbridge Investments LLC now owns 646,912 shares of the company’s stock valued at $11,082,000 after buying an additional 143,899 shares in the last quarter. Finally, Meros Investment Management LP lifted its position in shares of Wabash National by 21.1% during the 3rd quarter. Meros Investment Management LP now owns 483,774 shares of the company’s stock valued at $9,284,000 after acquiring an additional 84,308 shares during the period. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Price Performance

Wabash National stock opened at $10.27 on Friday. The firm has a market capitalization of $435.75 million, a PE ratio of -1.57 and a beta of 1.64. Wabash National Co. has a 52 week low of $9.72 and a 52 week high of $29.59. The firm’s 50-day simple moving average is $12.30 and its 200 day simple moving average is $16.17. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10.

Wabash National (NYSE:WNC) last released its quarterly earnings results 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 negative net margin of 14.59% and a positive return on equity of 14.72%. During the same quarter last year, the business earned $1.07 earnings per share. On average, equities research analysts predict that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.12%. Wabash National’s dividend payout ratio (DPR) is -4.91%.

Analyst Upgrades and Downgrades

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

About Wabash National

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.