Metropolitan Life Insurance Co. NY Lowers Stake in Wabash National Co. (WNC)

Metropolitan Life Insurance Co. NY lessened its holdings in Wabash National Co. (NYSE:WNC) by 56.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,464 shares of the company’s stock after selling 22,281 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Wabash National were worth $379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV lifted its position in Wabash National by 21.1% during the fourth quarter. KBC Group NV now owns 165,321 shares of the company’s stock valued at $3,587,000 after acquiring an additional 28,753 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Wabash National during the third quarter valued at approximately $1,511,000. Caxton Associates LP purchased a new stake in Wabash National during the fourth quarter valued at approximately $373,000. BlackRock Inc. lifted its position in Wabash National by 3.7% during the fourth quarter. BlackRock Inc. now owns 7,498,565 shares of the company’s stock valued at $162,718,000 after acquiring an additional 264,512 shares during the last quarter. Finally, Bowling Portfolio Management LLC lifted its position in Wabash National by 31.4% during the fourth quarter. Bowling Portfolio Management LLC now owns 94,844 shares of the company’s stock valued at $2,058,000 after acquiring an additional 22,682 shares during the last quarter.

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Shares of Wabash National stock opened at $21.15 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.39 and a debt-to-equity ratio of 1.00. Wabash National Co. has a 12-month low of $18.25 and a 12-month high of $26.54. The company has a market cap of $1,203.74, a price-to-earnings ratio of 15.33, a P/E/G ratio of 0.49 and a beta of 1.82.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. Wabash National had a net margin of 6.31% and a return on equity of 17.69%. The business had revenue of $543.40 million for the quarter, compared to analyst estimates of $517.96 million. During the same quarter in the prior year, the business posted $0.38 EPS. Wabash National’s revenue for the quarter was up 17.6% compared to the same quarter last year. research analysts forecast that Wabash National Co. will post 1.97 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.30 dividend on an annualized basis and a yield of 1.42%. Wabash National’s payout ratio is 21.74%.

In other Wabash National news, CEO Richard J. Giromini sold 58,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $25.04, for a total transaction of $1,459,832.00. Following the transaction, the chief executive officer now owns 803,680 shares in the company, valued at approximately $20,124,147.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.90% of the company’s stock.

A number of equities research analysts recently commented on WNC shares. ValuEngine raised shares of Wabash National from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Wabash National from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Sunday, January 21st. OTR Global raised shares of Wabash National to a “positive” rating in a research report on Thursday, March 1st. Seaport Global Securities reissued a “neutral” rating on shares of Wabash National in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Wabash National in a research report on Friday, December 22nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Wabash National currently has a consensus rating of “Hold” and a consensus price target of $25.80.

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About Wabash National

Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.

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

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