Wabash National Corporation $WNC Shares Purchased by Womack Financial LLC

Womack Financial LLC lifted its stake in Wabash National Corporation (NYSE:WNC) by 45.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 195,741 shares of the company’s stock after purchasing an additional 61,561 shares during the quarter. Wabash National comprises about 1.3% of Womack Financial LLC’s holdings, making the stock its 24th largest holding. Womack Financial LLC owned 0.48% of Wabash National worth $1,693,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GSA Capital Partners LLP increased its holdings in shares of Wabash National by 104.3% in the fourth quarter. GSA Capital Partners LLP now owns 143,594 shares of the company’s stock valued at $1,242,000 after purchasing an additional 73,325 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Wabash National in the fourth quarter valued at approximately $173,000. World Investment Advisors acquired a new stake in shares of Wabash National in the fourth quarter valued at approximately $91,000. Pacific Ridge Capital Partners LLC increased its holdings in shares of Wabash National by 27.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 112,183 shares of the company’s stock valued at $970,000 after purchasing an additional 24,002 shares during the last quarter. Finally, Versor Investments LP increased its holdings in shares of Wabash National by 413.3% in the fourth quarter. Versor Investments LP now owns 58,000 shares of the company’s stock valued at $502,000 after purchasing an additional 46,700 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Trading Up 0.6%

WNC opened at $8.19 on Friday. Wabash National Corporation has a one year low of $6.63 and a one year high of $12.94. The stock has a market capitalization of $333.13 million, a PE ratio of -5.12 and a beta of 1.61. The business’s 50 day moving average price is $8.27 and its 200 day moving average price is $9.14. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Friday, May 1st. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The business had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. During the same quarter in the prior year, the company posted ($0.58) earnings per share. The company’s revenue was down 20.4% on a year-over-year basis. As a group, equities research analysts expect that Wabash National Corporation will post -1.75 EPS for the current year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, July 2nd. Wabash National’s dividend payout ratio is -20.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WNC. Weiss Ratings cut Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Wall Street Zen cut Wabash National from a “hold” rating to a “strong sell” rating in a report on Saturday, February 21st. Finally, DA Davidson reiterated a “neutral” rating and issued a $8.50 price objective on shares of Wabash National in a report on Thursday, May 21st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $8.75.

About Wabash National

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.