Mutual Advisors LLC Acquires 30,340 Shares of Wabash National Corporation $WNC

Mutual Advisors LLC boosted its holdings in Wabash National Corporation (NYSE:WNC) by 49.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,823 shares of the company’s stock after purchasing an additional 30,340 shares during the quarter. Mutual Advisors LLC’s holdings in Wabash National were worth $915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SummerHaven Investment Management LLC boosted its position in shares of Wabash National by 3.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 38,962 shares of the company’s stock valued at $414,000 after acquiring an additional 1,396 shares during the last quarter. Allworth Financial LP boosted its position in shares of Wabash National by 268.8% during the 1st quarter. Allworth Financial LP now owns 3,220 shares of the company’s stock valued at $34,000 after acquiring an additional 2,347 shares during the last quarter. CWM LLC boosted its position in shares of Wabash National by 1,520.7% during the 1st quarter. CWM LLC now owns 5,235 shares of the company’s stock valued at $58,000 after acquiring an additional 4,912 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Wabash National by 17.1% during the 2nd quarter. Inspire Investing LLC now owns 36,431 shares of the company’s stock valued at $387,000 after acquiring an additional 5,333 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Wabash National by 982.1% during the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $85,000 after acquiring an additional 6,973 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors.

Wabash National Stock Performance

WNC stock opened at $8.84 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 1.13. The business’s fifty day simple moving average is $10.44 and its two-hundred day simple moving average is $10.05. Wabash National Corporation has a twelve month low of $6.78 and a twelve month high of $20.63. The firm has a market cap of $361.70 million, a price-to-earnings ratio of -3.65 and a beta of 1.66.

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

Wabash National Announces Dividend

The firm 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 $0.08 dividend. 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%.

Wall Street Analysts Forecast Growth

WNC has been the subject of a number of research reports. DA Davidson lowered their target price on Wabash National from $9.50 to $9.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of Wabash National in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $9.00.

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.