Pacific Ridge Capital Partners LLC Acquires 5,064 Shares of Wabash National Co. (NYSE:WNC)

Pacific Ridge Capital Partners LLC raised its holdings in Wabash National Co. (NYSE:WNC) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,710 shares of the company’s stock after acquiring an additional 5,064 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.14% of Wabash National worth $1,006,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WNC. EMC Capital Management raised its holdings in shares of Wabash National by 88.1% during the 4th quarter. EMC Capital Management now owns 8,250 shares of the company’s stock valued at $141,000 after purchasing an additional 3,864 shares in the last quarter. AlphaQuest LLC increased its position in Wabash National by 332,066.7% during the fourth 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 bought a new position in Wabash National during the third quarter valued at about $192,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Wabash National in the third quarter worth about $203,000. Finally, Intech Investment Management LLC bought a new stake in shares of Wabash National during the 3rd quarter worth about $214,000. 97.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total value of $25,785.00. Following the completion of the sale, the senior vice president now directly owns 117,227 shares of the company’s stock, valued at approximately $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered their price objective on Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th.

Wabash National Trading Up 0.2 %

NYSE:WNC opened at $11.19 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The company’s 50 day moving average is $12.99 and its 200-day moving average is $16.53. The firm has a market cap of $474.80 million, a price-to-earnings ratio of -1.72 and a beta of 1.64. Wabash National Co. has a 12 month low of $10.34 and a 12 month high of $30.07.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter last year, the business posted $1.07 EPS. Equities analysts anticipate that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.32 annualized dividend and a yield of 2.86%. Wabash National’s payout ratio is -4.91%.

Wabash National 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.