Islay Capital Management LLC Takes $851,000 Position in Wabash National Corporation $WNC

Islay Capital Management LLC purchased a new stake in Wabash National Corporation (NYSE:WNC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 98,364 shares of the company’s stock, valued at approximately $851,000. Islay Capital Management LLC owned about 0.24% of Wabash National as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co bought a new position in Wabash National during the 4th quarter worth $37,000. Quadrant Capital Group LLC raised its position in Wabash National by 515.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock worth $47,000 after purchasing an additional 4,530 shares during the last quarter. CWM LLC raised its position in Wabash National by 82.6% during the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after purchasing an additional 2,758 shares during the last quarter. BNP Paribas Financial Markets raised its position in Wabash National by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock worth $80,000 after purchasing an additional 4,129 shares during the last quarter. Finally, World Investment Advisors bought a new position in Wabash National during the 4th quarter worth $91,000. 97.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Wabash National Stock Performance

Shares of WNC opened at $9.43 on Tuesday. The company has a market cap of $383.52 million, a PE ratio of -5.89 and a beta of 1.55. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.33 and a quick ratio of 0.77. Wabash National Corporation has a one year low of $6.63 and a one year high of $12.94. The stock has a 50-day moving average of $8.20 and a 200-day moving average of $9.17.

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

Wabash National Announces Dividend

The business 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. The ex-dividend date is Thursday, July 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 3.4%. Wabash National’s payout ratio is -20.00%.

Wabash National Company 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.