Islay Capital Management LLC Purchases Shares of 98,364 Wabash National Corporation $WNC

Islay Capital Management LLC acquired a new stake in Wabash National Corporation (NYSE:WNC) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 98,364 shares of the company’s stock, valued at approximately $851,000.

Several other hedge funds have also recently modified their holdings of WNC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Wabash National by 2.0% in 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 buying an additional 36,226 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Wabash National by 17.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,548,493 shares of the company’s stock worth $13,394,000 after buying an additional 233,979 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Wabash National by 4.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,445,635 shares of the company’s stock worth $15,367,000 after buying an additional 59,054 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Wabash National by 1.4% in the 3rd quarter. Royce & Associates LP now owns 1,210,338 shares of the company’s stock worth $11,946,000 after buying an additional 16,838 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Wabash National by 161.5% in the 4th 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 during the last quarter. Institutional investors own 97.05% of the company’s stock.

Wabash National Trading Down 2.9%

NYSE:WNC opened at $9.43 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $383.52 million, a PE ratio of -5.89 and a beta of 1.55. The firm’s 50 day moving average is $8.20 and its 200 day moving average is $9.17. 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 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). Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The business had revenue of $303.23 million for the quarter, compared to the consensus estimate of $319.03 million. During the same period in the previous year, the firm earned ($0.58) EPS. The company’s revenue was down 20.4% compared to the same quarter last year. Sell-side analysts expect that Wabash National Corporation will post -1.75 earnings per share for the current 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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend 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 presently -20.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. DA Davidson restated a “neutral” rating and issued a $8.50 target price on shares of Wabash National in a research note on Thursday, May 21st. Wall Street Zen downgraded Wabash National from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings downgraded Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company 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.