Womack Financial LLC Acquires Shares of 249,557 Wabash National Corporation $WNC

Womack Financial LLC purchased a new stake in shares of Wabash National Corporation (NYSE:WNC) in the second quarter, Holdings Channel reports. The firm purchased 249,557 shares of the company’s stock, valued at approximately $3,369,000. Wabash National comprises about 2.2% of Womack Financial LLC’s portfolio, making the stock its 9th largest position.

A number of other hedge funds also recently made changes to their positions in the business. Sei Investments Co. boosted its stake in Wabash National by 46.4% in the first quarter. Sei Investments Co. now owns 456,328 shares of the company’s stock valued at $3,934,000 after acquiring an additional 144,711 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Wabash National by 17.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock valued at $14,291,000 after purchasing an additional 247,345 shares during the period. Empowered Funds LLC increased its position in Wabash National by 40.1% in the first quarter. Empowered Funds LLC now owns 589,884 shares of the company’s stock worth $5,085,000 after buying an additional 168,929 shares during the last quarter. Heartland Advisors Inc. purchased a new stake in Wabash National in the second quarter worth $4,001,000. Finally, Islay Capital Management LLC bought a new stake in shares of Wabash National in the fourth quarter valued at $851,000. 97.05% of the stock is currently owned by institutional investors.

Wabash National Price Performance

WNC stock opened at $12.06 on Tuesday. The firm has a 50 day moving average of $12.66 and a 200-day moving average of $10.25. The firm has a market capitalization of $491.21 million, a P/E ratio of -6.25 and a beta of 1.44. Wabash National Corporation has a 12 month low of $6.63 and a 12 month high of $14.32. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.03. The firm had revenue of $417.24 million during the quarter, compared to the consensus estimate of $402.85 million. Wabash National had a negative net margin of 5.48% and a negative return on equity of 36.59%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) EPS. As a group, sell-side analysts predict that Wabash National Corporation will post -2.41 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently announced 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 payout ratio is presently -16.58%.

Analyst Ratings Changes

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