Wabash National Corporation $WNC Shares Sold by Meros Investment Management LP

Meros Investment Management LP lowered its stake in shares of Wabash National Corporation (NYSE:WNC) by 12.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 563,619 shares of the company’s stock after selling 81,829 shares during the quarter. Wabash National makes up approximately 1.9% of Meros Investment Management LP’s holdings, making the stock its 24th largest position. Meros Investment Management LP owned approximately 1.39% of Wabash National worth $4,875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WNC. CANADA LIFE ASSURANCE Co bought a new stake in Wabash National during the 4th quarter valued at $37,000. Quadrant Capital Group LLC raised its stake in Wabash National by 515.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock valued at $47,000 after acquiring an additional 4,530 shares in the last quarter. CWM LLC raised its stake in Wabash National by 82.6% during the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock valued at $53,000 after acquiring an additional 2,758 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Wabash National by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock valued at $80,000 after acquiring an additional 4,129 shares in the last quarter. Finally, World Investment Advisors bought a new stake in Wabash National during the 4th quarter valued at $91,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Stock Down 2.9%

WNC opened at $9.43 on Tuesday. Wabash National Corporation has a one year low of $6.63 and a one year high of $12.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33. The stock’s fifty day moving average is $8.20 and its 200-day moving average is $9.17. The company has a market capitalization of $383.52 million, a PE ratio of -5.89 and a beta of 1.55.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Friday, May 1st. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.The firm had revenue of $303.23 million during the quarter, compared to the consensus estimate of $319.03 million. During the same period in the prior year, the firm posted ($0.58) EPS. The firm’s quarterly revenue was down 20.4% on a year-over-year basis. On average, equities analysts predict that Wabash National Corporation will post -1.75 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 2nd. Wabash National’s payout ratio is currently -20.00%.

Analyst Ratings Changes

Several brokerages have weighed in on WNC. Wall Street Zen downgraded Wabash National from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 21st. Weiss Ratings downgraded Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $8.50 target price on shares of Wabash National in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $8.75.

Wabash National Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.