214,128 Shares in Wabash National Corporation $WNC Purchased by Pullen Investment Management LLC

Pullen Investment Management LLC acquired a new position in Wabash National Corporation (NYSE:WNC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 214,128 shares of the company’s stock, valued at approximately $1,846,000. Pullen Investment Management LLC owned approximately 0.53% of Wabash National as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Wabash National by 2.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,821,212 shares of the company’s stock worth $17,975,000 after purchasing an additional 36,226 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Wabash National by 17.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,548,493 shares of the company’s stock valued at $13,394,000 after buying an additional 233,979 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Wabash National by 4.3% in the second quarter. Ameriprise Financial Inc. now owns 1,445,635 shares of the company’s stock valued at $15,367,000 after buying an additional 59,054 shares during the period. Royce & Associates LP boosted its stake in shares of Wabash National by 1.4% in the third quarter. Royce & Associates LP now owns 1,210,338 shares of the company’s stock valued at $11,946,000 after buying an additional 16,838 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Wabash National by 161.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,108,072 shares of the company’s stock worth $9,585,000 after buying an additional 684,397 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on WNC. Wall Street Zen upgraded Wabash National from a “strong sell” rating to a “sell” rating in a research note on Saturday. Weiss Ratings downgraded Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Finally, DA Davidson raised Wabash National from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday. One analyst has rated the stock with a Buy rating, one has issued 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 an average target price of $14.50.

Wabash National Price Performance

Shares of NYSE:WNC opened at $11.34 on Friday. The firm has a 50 day moving average of $8.37 and a 200-day moving average of $9.22. The stock has a market capitalization of $461.20 million, a PE ratio of -7.09 and a beta of 1.55. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 1.55. Wabash National Corporation has a 12 month low of $6.63 and a 12 month high of $12.94.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Friday, May 1st. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). The firm had revenue of $303.23 million for the quarter, compared to the consensus estimate of $319.03 million. Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.The business’s revenue was down 20.4% on a year-over-year basis. During the same period last year, the company 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 Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.8%. Wabash National’s dividend payout ratio is presently -20.00%.

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.