Polaris Capital Management LLC Grows Position in Wabash National Co. (NYSE:WNC)

Polaris Capital Management LLC grew its stake in shares of Wabash National Co. (NYSE:WNC) by 28.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,800 shares of the company’s stock after purchasing an additional 21,600 shares during the period. Polaris Capital Management LLC owned approximately 0.23% of Wabash National worth $1,675,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. purchased a new stake in shares of Wabash National in the fourth quarter valued at $25,688,000. Weiss Asset Management LP acquired a new position in shares of Wabash National in the third quarter valued at approximately $3,457,000. Hotchkis & Wiley Capital Management LLC boosted its position in Wabash National by 43.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock worth $11,321,000 after acquiring an additional 178,430 shares during the last quarter. CX Institutional purchased a new stake in Wabash National in the 3rd quarter worth approximately $2,322,000. Finally, Wasatch Advisors LP raised its holdings in Wabash National by 6.7% in the 3rd quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company’s stock valued at $35,985,000 after acquiring an additional 117,704 shares during the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Stock Down 1.4 %

Shares of NYSE:WNC opened at $13.41 on Tuesday. Wabash National Co. has a 12-month low of $13.25 and a 12-month high of $30.07. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The stock’s 50-day moving average price is $17.07 and its two-hundred day moving average price is $18.35. The firm has a market cap of $580.97 million, a price-to-earnings ratio of -2.06 and a beta of 1.55.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 business posted $1.07 earnings per share. On average, research analysts forecast that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, January 10th. This represents a $0.32 dividend on an annualized basis and a yield of 2.39%. Wabash National’s dividend payout ratio (DPR) is presently -4.91%.

Insider Buying and Selling

In related news, SVP Michael N. Pettit sold 1,500 shares of the firm’s 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 sale, the senior vice president now owns 117,227 shares of the company’s stock, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.78% of the company’s stock.

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.