Empowered Funds LLC Raises Holdings in Wabash National Corporation $WNC

Empowered Funds LLC lifted its position in shares of Wabash National Corporation (NYSE:WNC) by 40.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 589,884 shares of the company’s stock after acquiring an additional 168,929 shares during the quarter. Empowered Funds LLC’s holdings in Wabash National were worth $5,085,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co bought a new stake in shares of Wabash National in the fourth quarter valued at about $37,000. Quadrant Capital Group LLC lifted its stake in 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 period. CWM LLC grew its holdings in Wabash National by 82.6% during the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after acquiring an additional 2,758 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Wabash National by 104.4% during the 3rd 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 in the last quarter. Finally, Inceptionr LLC purchased a new position in Wabash National during the 3rd quarter valued at about $102,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Trading Up 1.3%

Shares of NYSE WNC opened at $12.56 on Friday. Wabash National Corporation has a 1-year low of $6.63 and a 1-year high of $14.32. The business has a fifty day moving average price of $11.31 and a 200 day moving average price of $10.02. The stock has a market capitalization of $511.74 million, a P/E ratio of -6.51 and a beta of 1.43. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.31 and a quick ratio of 0.77.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, July 29th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating 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 company had revenue of $417.24 million for the quarter, compared to analyst estimates of $402.85 million. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. Equities research analysts expect that Wabash National Corporation will post -2.41 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, July 2nd. Wabash National’s dividend payout ratio (DPR) is currently -16.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citizens Jmp began coverage on shares of Wabash National in a report on Wednesday, July 15th. They issued an “outperform” rating and a $25.00 price target for the company. DA Davidson reiterated a “buy” rating and set a $20.00 price objective on shares of Wabash National in a research note on Wednesday, July 22nd. Weiss Ratings downgraded shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of Wabash National from a “strong sell” rating to a “sell” rating in a report on Saturday. Two 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.00.

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.