RBF Capital LLC Has $517,000 Stock Position in Wabash National Corporation $WNC

RBF Capital LLC reduced its holdings in Wabash National Corporation (NYSE:WNC) by 57.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,000 shares of the company’s stock after selling 81,236 shares during the period. RBF Capital LLC’s holdings in Wabash National were worth $517,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co acquired a new position in shares of Wabash National during the fourth quarter worth approximately $37,000. Quadrant Capital Group LLC grew its stake in shares of Wabash National by 515.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock worth $47,000 after acquiring an additional 4,530 shares during the last quarter. CWM LLC grew its stake in shares of Wabash National by 82.6% in the fourth quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after acquiring an additional 2,758 shares during the last quarter. BNP Paribas Financial Markets increased its position in Wabash National by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock worth $80,000 after acquiring an additional 4,129 shares during the period. Finally, Inceptionr LLC bought a new position in Wabash National during the third quarter worth $102,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WNC shares. Weiss Ratings downgraded shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Citizens Jmp initiated coverage on shares of Wabash National in a report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 price objective on the stock. Wall Street Zen lowered shares of Wabash National from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Finally, DA Davidson reiterated a “buy” rating and issued a $20.00 target price on shares of Wabash National in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Wabash National presently has an average rating of “Hold” and a consensus target price of $18.00.

Wabash National Stock Performance

WNC opened at $12.45 on Friday. The stock’s 50 day simple moving average is $11.21 and its 200-day simple moving average is $10.00. The company has a current ratio of 1.31, a quick ratio of 0.77 and a debt-to-equity ratio of 1.75. The stock has a market cap of $506.30 million, a PE ratio of -6.45 and a beta of 1.43. Wabash National Corporation has a 1 year low of $6.63 and a 1 year high of $14.32.

Wabash National (NYSE:WNC) last issued its earnings results on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.03. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.The firm had revenue of $417.24 million during the quarter, compared to analysts’ expectations of $402.85 million. During the same period last year, the business earned ($0.15) earnings per share. Wabash National’s quarterly revenue was down 9.1% compared to the same quarter last year. Sell-side analysts forecast that Wabash National Corporation will post -1.88 EPS for the current year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 2nd. Wabash National’s dividend payout ratio (DPR) is presently -20.00%.

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.