Heartland Advisors Inc. Buys Shares of 296,400 Wabash National Corporation $WNC

Heartland Advisors Inc. purchased a new stake in Wabash National Corporation (NYSE:WNC) during the second quarter, Holdings Channel.com reports. The firm purchased 296,400 shares of the company’s stock, valued at approximately $4,001,000.

Several other large investors have also recently made changes to their positions in WNC. Allworth Financial LP bought a new stake in Wabash National during the second quarter valued at about $45,000. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Wabash National during the fourth quarter valued at about $37,000. Quadrant Capital Group LLC lifted its position in shares of Wabash National by 515.4% during the fourth quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock valued at $47,000 after buying an additional 4,530 shares during the last quarter. CWM LLC boosted its holdings in shares of Wabash National by 82.6% in the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock valued at $53,000 after buying an additional 2,758 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Wabash National by 104.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock valued at $80,000 after buying an additional 4,129 shares in the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Price Performance

NYSE:WNC opened at $12.04 on Friday. The firm’s fifty day moving average is $12.60 and its two-hundred day moving average is $10.24. The firm has a market cap of $490.51 million, a price-to-earnings ratio of -6.24 and a beta of 1.44. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 1.31. Wabash National Corporation has a one year low of $6.63 and a one year high of $14.32.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.03. The business had revenue of $417.24 million during the quarter, compared to analyst estimates of $402.85 million. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.The company’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) EPS. Research analysts expect that Wabash National Corporation will post -2.41 EPS for the current year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 8th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, October 8th. Wabash National’s dividend payout ratio (DPR) is currently -16.58%.

Analyst Upgrades and Downgrades

WNC has been the subject of several recent analyst reports. National Bank Financial set a $20.00 price objective on shares of Wabash National in a research note on Wednesday, August 12th. Citizens Jmp started coverage on shares of Wabash National in a report on Wednesday, July 15th. They issued an “outperform” rating and a $25.00 price target on the stock. Wall Street Zen raised Wabash National from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wabash National in a report on Wednesday, August 12th. Finally, DA Davidson restated a “buy” rating and set a $20.00 target price on shares of Wabash National in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.67.

Wabash National Profile

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.