Wabash National Corporation $WNC Shares Acquired by Womack Financial LLC

Womack Financial LLC grew its position in Wabash National Corporation (NYSE:WNC) by 45.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 195,741 shares of the company’s stock after acquiring an additional 61,561 shares during the period. Wabash National makes up 1.3% of Womack Financial LLC’s portfolio, making the stock its 24th biggest holding. Womack Financial LLC’s holdings in Wabash National were worth $1,693,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WNC. Royal Bank of Canada grew its stake in shares of Wabash National by 93.9% in the first quarter. Royal Bank of Canada now owns 30,789 shares of the company’s stock valued at $339,000 after buying an additional 14,912 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Wabash National by 59.1% in the first quarter. AQR Capital Management LLC now owns 224,734 shares of the company’s stock valued at $2,483,000 after buying an additional 83,473 shares in the last quarter. Millennium Management LLC grew its stake in shares of Wabash National by 864.3% in the first quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock valued at $5,078,000 after buying an additional 411,889 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Wabash National in the first quarter valued at $166,000. Finally, Empowered Funds LLC grew its stake in shares of Wabash National by 4.2% in the first quarter. Empowered Funds LLC now owns 202,429 shares of the company’s stock valued at $2,237,000 after buying an additional 8,205 shares in the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Stock Up 0.6%

Shares of NYSE WNC opened at $8.19 on Friday. The stock has a market cap of $333.13 million, a P/E ratio of -5.12 and a beta of 1.61. 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. The business’s fifty day simple moving average is $8.27 and its 200-day simple moving average is $9.14.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Friday, May 1st. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.01) by ($0.16). The company had revenue of $303.23 million during 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%. The firm’s revenue was down 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.58) earnings per share. As a group, equities analysts predict that Wabash National Corporation will post -1.75 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, July 2nd. Wabash National’s dividend payout ratio (DPR) is presently -20.00%.

Wall Street Analysts Forecast Growth

WNC has been the subject of a number of research reports. Weiss Ratings cut Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. DA Davidson reiterated a “neutral” rating and issued a $8.50 price objective on shares of Wabash National in a research note on Thursday, May 21st. Finally, Wall Street Zen cut Wabash National from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $8.75.

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.