Aigen Investment Management LP Has $333,000 Stake in Wabash National Co. (NYSE:WNC)

Aigen Investment Management LP reduced its stake in Wabash National Co. (NYSE:WNC) by 32.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,012 shares of the company’s stock after selling 6,283 shares during the quarter. Aigen Investment Management LP’s holdings in Wabash National were worth $333,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new stake in shares of Wabash National during the 4th quarter worth $35,491,000. Clearbridge Investments LLC increased its stake in shares of Wabash National by 383.5% in the fourth quarter. Clearbridge Investments LLC now owns 513,784 shares of the company’s stock worth $13,163,000 after purchasing an additional 407,518 shares during the period. Brandywine Global Investment Management LLC acquired a new position in shares of Wabash National during the 3rd quarter worth about $3,017,000. Winmill & CO. Inc. lifted its position in shares of Wabash National by 78.4% during the 3rd quarter. Winmill & CO. Inc. now owns 303,349 shares of the company’s stock worth $6,407,000 after purchasing an additional 133,349 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Wabash National by 99.0% during the 3rd quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock valued at $5,582,000 after purchasing an additional 131,512 shares during the period. Institutional investors own 97.05% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Wabash National from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Wabash National Stock Performance

WNC stock traded up $0.20 during midday trading on Friday, hitting $22.31. The stock had a trading volume of 350,018 shares, compared to its average volume of 499,430. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 5.36 and a beta of 1.62. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. The stock has a 50-day simple moving average of $25.64 and a 200 day simple moving average of $25.17. Wabash National Co. has a 52 week low of $20.09 and a 52 week high of $30.07.

Wabash National (NYSE:WNC) last issued its earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The business had revenue of $515.28 million for the quarter. As a group, equities research analysts anticipate that Wabash National Co. will post 2.18 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd will be issued a $0.08 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.43%. Wabash National’s dividend payout ratio (DPR) is currently 7.69%.

Insider Transactions at Wabash National

In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the transaction, the director now owns 6,386 shares in the company, valued at $172,805.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 853 shares of company stock valued at $11,134 over the last 90 days. 1.78% of the stock is owned by company insiders.

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.