Inspire Investing LLC Buys 5,333 Shares of Wabash National Corporation $WNC

Inspire Investing LLC raised its stake in shares of Wabash National Corporation (NYSE:WNC) by 17.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 36,431 shares of the company’s stock after purchasing an additional 5,333 shares during the quarter. Inspire Investing LLC’s holdings in Wabash National were worth $387,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Polaris Capital Management LLC lifted its stake in Wabash National by 35.1% during the 2nd quarter. Polaris Capital Management LLC now owns 132,100 shares of the company’s stock valued at $1,404,000 after acquiring an additional 34,300 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Wabash National by 3.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 38,962 shares of the company’s stock worth $414,000 after purchasing an additional 1,396 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Wabash National by 75.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 81,067 shares of the company’s stock worth $862,000 after purchasing an additional 34,984 shares during the period. Baker Ellis Asset Management LLC bought a new position in shares of Wabash National in the 2nd quarter worth approximately $120,000. Finally, Strs Ohio bought a new position in shares of Wabash National in the 1st quarter worth approximately $520,000. Institutional investors own 97.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WNC shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Wabash National in a research note on Wednesday, October 8th. DA Davidson lowered their price objective on shares of Wabash National from $9.50 to $9.00 and set a “neutral” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $9.00.

Wabash National Price Performance

NYSE WNC opened at $8.91 on Friday. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $20.63. The stock has a market cap of $364.78 million, a price-to-earnings ratio of -3.68 and a beta of 1.66. The company’s 50 day moving average is $10.46 and its two-hundred day moving average is $10.08. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, December 1st. The company reported $0.22 EPS for the quarter. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The company had revenue of $482.57 million for the quarter. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. As a group, research analysts anticipate that Wabash National Corporation will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 3.6%. Wabash National’s dividend payout ratio (DPR) is presently -13.22%.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.