ClariVest Asset Management LLC decreased its stake in Wabash National Corporation (NYSE:WNC) by 23.3% during the second quarter, Holdings Channel reports. The institutional investor owned 248,153 shares of the company’s stock after selling 75,347 shares during the period. ClariVest Asset Management LLC’s holdings in Wabash National Corporation were worth $5,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of WNC. Norges Bank bought a new position in shares of Wabash National Corporation during the fourth quarter valued at about $1,028,000. Teachers Advisors LLC increased its position in shares of Wabash National Corporation by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 784,721 shares of the company’s stock valued at $12,414,000 after buying an additional 4,064 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Wabash National Corporation by 14.1% in the fourth quarter. Macquarie Group Ltd. now owns 296,282 shares of the company’s stock valued at $4,687,000 after buying an additional 36,581 shares in the last quarter. James Investment Research Inc. increased its position in shares of Wabash National Corporation by 176.0% in the first quarter. James Investment Research Inc. now owns 217,885 shares of the company’s stock valued at $4,508,000 after buying an additional 138,955 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Wabash National Corporation by 702.1% in the first quarter. Acadian Asset Management LLC now owns 2,093,374 shares of the company’s stock valued at $43,312,000 after buying an additional 1,832,390 shares in the last quarter.

Shares of Wabash National Corporation (WNC) opened at 21.11 on Tuesday. The firm has a 50-day moving average of $21.26 and a 200 day moving average of $20.97. The stock has a market capitalization of $1.25 billion, a PE ratio of 13.61 and a beta of 1.78. Wabash National Corporation has a 1-year low of $10.74 and a 1-year high of $24.16.

Wabash National Corporation (NYSE:WNC) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The firm had revenue of $435.90 million during the quarter, compared to analysts’ expectations of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. On average, equities analysts anticipate that Wabash National Corporation will post $1.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 6th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.14%. Wabash National Corporation’s dividend payout ratio (DPR) is presently 15.48%.

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Several analysts have commented on the stock. ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 target price on shares of Wabash National Corporation in a research note on Friday, July 7th. Zacks Investment Research cut shares of Wabash National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus set a $22.00 target price on shares of Wabash National Corporation and gave the stock a “hold” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Wabash National Corporation has an average rating of “Hold” and an average price target of $20.57.

Wabash National Corporation Company Profile

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.

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

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