Wabash National Co. (NYSE:WNC) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its stake 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 (SEC). The fund owned 39,424 shares of the company’s stock after selling 11,888 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Wabash National were worth $675,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. EMC Capital Management increased its position in Wabash National by 88.1% during the fourth quarter. EMC Capital Management now owns 8,250 shares of the company’s stock worth $141,000 after purchasing an additional 3,864 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Wabash National by 332,066.7% during the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company’s stock worth $171,000 after buying an additional 9,962 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Wabash National during the 3rd quarter worth $192,000. Intech Investment Management LLC purchased a new position in shares of Wabash National in the 3rd quarter worth $214,000. Finally, Entropy Technologies LP acquired a new position in Wabash National in the fourth quarter valued at $219,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson dropped their price target 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.

Wabash National Trading Up 0.0 %

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

Wabash National (NYSE:WNC) last issued its earnings results on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company posted $1.07 earnings per share. On average, sell-side analysts predict that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid 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 currently -4.91%.

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.